📉 $MAGIC — Bearish Rejection Setup
SHORT $MAGIC
Entry: $0.0690–$0.0710
SL: $0.0760
🎯 Take Profit:
TP1: $0.0675
TP2: $0.0645
TP3: $0.0625
$MAGIC is struggling to hold the higher levels, with rejection pressure building around the current area. The setup is focused on a potential downside move if sellers regain control and push price lower toward the listed targets.
🔑 Key Level:
$0.0710 — continued rejection below the upper entry area would help maintain the bearish structure and keep the downside targets in focus.
⚠️ Risk Note:
A move above $0.0760 would invalidate the short setup. Wait for confirmation of seller pressure and use controlled position sizing with proper risk management.
Bearish bias while resistance holds. 📉
Sell and Trade $MAGIC here 👇
DYOR
SHORT $MAGIC
Entry: $0.0690–$0.0710
SL: $0.0760
🎯 Take Profit:
TP1: $0.0675
TP2: $0.0645
TP3: $0.0625
$MAGIC is struggling to hold the higher levels, with rejection pressure building around the current area. The setup is focused on a potential downside move if sellers regain control and push price lower toward the listed targets.
🔑 Key Level:
$0.0710 — continued rejection below the upper entry area would help maintain the bearish structure and keep the downside targets in focus.
⚠️ Risk Note:
A move above $0.0760 would invalidate the short setup. Wait for confirmation of seller pressure and use controlled position sizing with proper risk management.
Bearish bias while resistance holds. 📉
Sell and Trade $MAGIC here 👇
DYOR
