🪄 $MAGIC /USDT – Testing Key Support After Pullback
MAGIC is down -4.28%, slipping from highs of $0.2970 to trade near $0.2729. The token is hovering above critical support at $0.2690–$0.2700, a level that needs to hold to prevent deeper downside toward $0.2620. If buyers step in here, a rebound toward $0.2860–$0.2920 is possible.
Trade Plan:
Setup: LONG on bounce / SHORT if support breaks
Long Entry: $0.2700 – $0.2730
Long Targets: TP1 $0.2860, TP2 $0.2920, TP3 $0.2970
Short Entry: Below $0.2690
Short Targets: TP1 $0.2620, TP2 $0.2550
Stop Loss: $0.2660 (for longs) / $0.2750 (for shorts)
Risk Management: Adjust size for volatility; trail SL after TP1 to secure gains.