$MAGIC / USDT – Short-Term Bearish Outlook
📍 Current Price: 0.2415
📊 24h Range: 0.2349 – 0.2602
Market Overview:
$MAGIC is under clear selling pressure after failing to hold above 0.2500. Consecutive lower highs and heavy red candles show sellers dominating. Price is now nearing a critical support zone at 0.2375 – 0.2385.
Key Levels:
Support Zone: 0.2375 – 0.2385
Short-Term Resistance: 0.2450
🔻 Trade Idea – Short Setup:
Entry: 0.2410 – 0.2420
Stop Loss: > 0.2455
TP1: 0.2385
TP2: 0.2365
TP3: 0.2345
Technical Insight:
The descending structure and repeated rejection at highs suggest downside continuation. A break below 0.2400 with strong volume could trigger a sharp drop into the demand zone.
💡 Pro Tip:
Wait for a confirmed breakdown candle under 0.2400 with volume before entering. Avoid chasing without confirmation.
