$MAGIC USDT – RALLY LOSING STEAM BELOW RESISTANCE

WEAK REJECTION FROM EMA(99) ZONE

LOWER HIGH PATTERN TAKING SHAPE

MAGIC bounced strongly from 0.1624 but is now showing signs of exhaustion around the 0.1750 level. The 30-min chart reveals rejection near EMA(99) and a tight consolidation below recent highs. Momentum is fading, and bearish divergence is forming.

Trade Setup

🔻 Short Entry: 0.1748

🔻 Target 1: 0.1700

🔻 Target 2: 0.1650

🔻 Stop Loss: 0.1785

A breakdown below EMA(25) could trigger further downside. Watch for confirmation from volume and bearish candles.

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