$MAGIC Strategy Decision:

Prefer: SHORT (Scalp/Short-Term Only)

Why?

RSI is overbought (>72)

Price near local top at $0.2740

Bollinger Band upper limit approaching

Weakening candle bodies = exhaustion signs

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Trade Plan (SHORT):

Entry: Around $0.2600–$0.2670

Target: $0.2300–$0.2150 (support zone near middle BB)

Stop-loss: $0.2760 (if it breaks previous high, exit fast)

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Long Setup (If Breakout):

If a strong candle closes above $0.2750 with volume, then switch to long:

Target: $0.3100–$0.3400

Stop-loss: $0.2550