🚨 $MAGIC /USDT – Monster Pump Rejected at $0.3036! Price Retracing Rapidly 🚨

MAGIC exploded from $0.1794 to a 24H high of $0.3036, now pulling back sharply to $0.2207 (+12.03%). Despite strong intraday performance, the steep sell-off suggests a fading rally and possible further correction if support doesn’t hold.

24H Stats:

High: $0.3036

Low: $0.1794

Volume: 553.71M MAGIC / $126.27M USDT

Market Analysis:

The rally was steep and aggressive, likely driven by short-term hype or event news. However, the intense rejection from above $0.30 and the consistent lower candles indicate profit-taking and weak buyer follow-through. Current support at $0.22 is key.

Trade Setup – SHORT BIAS ACTIVE (SCALP ZONE):

Entry Zone: $0.2220 – $0.2300

Target 1: $0.2050

Target 2: $0.1880

Final Target: $0.1750

Stop Loss: $0.2395

Why This Setup?

MAGIC overextended and reversed hard — a classic blow-off top. Lower highs and heavy volume sell bars confirm bearish shift in momentum.

Pro Tip:

Scalp short-term dips with quick exits. Wait for bullish confirmation before re-entering long trades.

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