$MAGIC – PARABOLIC SPIKE FADING! BEARS TAKING CONTROL?

STRONG REJECTION FROM $0.3168

WEAK FOLLOW-UP AFTER BIG MOVE

$MAGIC exploded from $0.2150 to $0.3168 but failed to sustain momentum. The sharp upper wick and back-to-back red candles suggest profit-taking and weakening bullish strength. Price now sits at $0.2788, losing ground fast.

SHORT Entry: $0.278

Target 1 (TP1): $0.254

Target 2 (TP2): $0.232

Stop Loss (SL): $0.317

If bulls don’t reclaim $0.30 soon, expect a deeper retrace.

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