$MAGIC just swept a key level and reclaimed it.
The structure is clean enough to watch, but I would still let price confirm the level.
I would rather see price reject around $0.10724–$0.108 than short after the move is already stretched. The setup is invalid if price cleanly crosses $0.11138.
Would you trade this short setup now, or wait for a cleaner reaction?
#MAGIC #Trading
Trade plan: SHORT
Entry: $0.10724 - $0.108
SL: $0.11138
TP1: $0.10477
TP2: $0.10218
TP3: $0.10059
The structure is clean enough to watch, but I would still let price confirm the level.
I would rather see price reject around $0.10724–$0.108 than short after the move is already stretched. The setup is invalid if price cleanly crosses $0.11138.
Would you trade this short setup now, or wait for a cleaner reaction?
#MAGIC #Trading
Trade plan: SHORT
Entry: $0.10724 - $0.108
SL: $0.11138
TP1: $0.10477
TP2: $0.10218
TP3: $0.10059