$MAGIC USDT SHORT SETUP – Targeting $0.2720 & $0.2560
MAGIC surged from $0.2494 to $0.2999 but faced selling pressure before testing the major 24h high at $0.3168. On the 1H chart, a bearish rejection candle has formed after the pump, indicating profit-taking and a possible retracement.
📊 Trade Setup:
Entry Zone: $0.2820 – $0.2850
TP1: $0.2720
TP2: $0.2560 (strong support)
Stop-Loss: Above $0.2995
A sustained break below $0.2780 will likely confirm downside continuation toward the support levels.