$MAGIC USDT SHORT SETUP – STRONG REJECTION AFTER PARABOLIC SPIKE

$MAGIC surged nearly +48% from $0.2141 to $0.3168 but faced an aggressive rejection at the top wick, forming a sharp bearish candle and signaling a potential pullback phase. Price is now hovering around $0.2800, showing signs of cooling off.

📉 Trade Setup:

Entry Zone: $0.2780 – $0.2850

TP1: $0.2540

TP2: $0.2310

Stop-Loss: Above $0.3020

📊 Outlook:

Rapid upside exhaustion and rejection wick suggest short-term weakness. If price fails to reclaim $0.29+, further downside correction is likely before any consolidation.

Comment “Magic fading?” if you're watching the fade unfold.

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