$MAGIC /USDT BEARISH SETUP AFTER WEAK BOUNCE FROM SUPPORT ⚠️🔻
🔍 Current Price: $0.1421
📉 24h High: $0.1476 | 24h Low: $0.1395
📌 Key Technical Levels:
Resistance Zones:
🔺 $0.1450 – $0.1470 (Near-term resistance zone)
🔺 $0.1480 (Local top – strong selling pressure)
Support Zones:
🔻 $0.1395 (24h low, key short-term support)
🔻 $0.1350 (Major support if breakdown continues)
📊 Price Action Insight:
$MAGIC /USDT is struggling to reclaim the $0.1450+ area. After a weak bounce, price is hovering near the $0.1420 zone with bearish volume patterns. A clean break below $0.1395 could trigger further downside.
🚨 Trade Setup – SHORT ENTRY 🚨
Entry: $0.1425 – $0.1440 (on minor pullback)
Take Profit 1 (TP1): $0.1395
Take Profit 2 (TP2): $0.1350
Stop Loss (SL): $0.1475 (Above resistance zone)
🎯 Risk-Reward Ratio: ~2.3R
🛡️ Risk Management:
⚠️ Limit risk to 1-2% per position.
🔁 Trail stop after TP1 to secure gains.
💣 Avoid overexposure in low-volume conditions.
🧠 Smart setups + strict discipline = long-term edge 🧠
#MAGICUSDT #CryptoTrading #BearishMove
#AltcoinSetup #BinanceAlphaAlert #NEWTBinanceHODLer #BinanceTGEXNY #Write2Earn $MAGIC