$MAGIC /USDT – BEARS TAKE CONTROL AFTER HEAVY DROP 🔻

$MAGIC has fallen over 10% in the last 24h, dropping from highs near 0.3000 to test a low of 0.2444. While a small bounce attempt is in play, the overall momentum remains bearish with sellers dominating below resistance. Unless bulls reclaim key levels, more downside pressure is expected.

🔹 Trade Setup (Short)

Entry Zone: 0.2470 – 0.2490

Stop Loss: 0.2535

Take Profit 1: 0.2440

Take Profit 2: 0.2400

Take Profit 3: 0.2360

🔹 Market Outlook

The structure shows continuous lower highs and weak recovery candles. If 0.2440 breaks again, it may open the way toward 0.2360. Bulls need a breakout above 0.2535 to invalidate this bearish setup and regain momentum.

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