$MAGIC /USDT – Bearish Setup After Failed Recovery

$MAGIC is trading near $0.2418 after a sharp rejection from the $0.2980 level. The price is showing signs of weakness with lower highs and failure to reclaim key resistance near $0.2450. With volume dropping and momentum shifting, this setup favors short continuation.

Trade Setup (Short):

Entry Zone: $0.2410 – $0.2440

Target 1 (TP1): $0.2340

Target 2 (TP2): $0.2260

Stop Loss (SL): $0.2515

If selling pressure continues and price breaks below $0.2340, expect acceleration toward the next support zones. Clean risk-reward with defined invalidation makes this setup ideal for short-term traders.

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