#MagicEden This looks like a short trade signal for $MAGIC/USDT, suggesting a potential breakdown if key support levels fail. The setup is based on momentum loss after a strong pump, with risk management strategies like a stop loss at $0.1625 and a trailing stop if price hits $0.1500.

Key Takeaways from the Signal:

Entry: $0.1560

Targets:

$0.1500 (Short-term support)

$0.1450 (Breakdown confirmation)

$0.1359 (Major support, 24h low)

Stop Loss: $0.1625 (Above recent rejection zone)

Market Outlook:

A drop below $0.1500 could trigger further selling.

BTC weakness may enhance short setups for altcoins.

Trade Considerations:

Watch for a high-volume breakdown below $0.1500 before entering aggressively.

If BTC starts to pump, the short setup could get invalidated.

Do you trade short setups like this often, or are you more into long positions?#TonRallyCoin