🚨 $MAGIC / USDT – Caution After a Vertical Pump! 🎩⚠️
$MAGIC just exploded from $0.17 to $0.2853 — nearly a 70% move in 24H! However, a long wick at the top signals early selling pressure, and the price might now correct before its next leg.
🧠 Trade Idea (Short-Term Pullback Expected):
📉 Short Setup (High Risk - Scalping Style):
🔴 Entry: $0.266 – $0.272
🔻 Stop Loss: $0.287
🎯 Take Profit 1: $0.228
🎯 Take Profit 2: $0.192
📈 Long Setup (Safer Buy-the-Dip Play):
🟢 Entry Zone: $0.180 – $0.195
✅ Stop Loss: $0.165
🎯 TP1: $0.245
🎯 TP2: $0.280
📊 Market Vibe:
Price is overheated — RSI likely overbought on lower timeframes. A cool-down is expected unless backed by serious volume continuation.
💡 Pro Tip:
Don’t FOMO into pumps 🚫 — wait for a pullback to enter safer with reduced risk! Let the price settle and trade with the trend.