$MAGIC /USDT SHORT TRADE SETUP – DOWNTREND IN MOTION 💯 🔥 Take entry
Current Price: 0.2800
Market Structure: Strong rejection from 0.3168 high followed by consistent lower highs and lower lows. Selling pressure is dominating after the pump.
ENTRY LEVEL:
Short between 0.2790 – 0.2830 on a weak bounce.
STOP LOSS:
Above 0.2920 to avoid fakeout risk.
TARGET POINTS:
• TP1: 0.2660
• TP2: 0.2540
• TP3: 0.2420
TRADE ANALYSIS:
Momentum has shifted from bullish to bearish as profit-taking accelerates. Price is now respecting the downtrend structure, making rallies toward resistance ideal short entries. Watch for weak bullish candles before entering.