$MAGIC is struggling to maintain its recovery, and the latest bounce seems to be losing momentum.
The setup is worth watching, with a potential short opportunity around 38x leverage. Timing and risk management will be crucial here.
Entry Zone: 0.0967–0.0973
Take Profit Targets:
TP1: 0.0941
TP2: 0.0917
TP3: 0.0892
Stop Loss: 0.0998
If sellers regain control, price could move toward the lower targets. However, a recovery above the planned invalidation level could weaken this setup.
With 38x leverage, even a small price move can have a significant impact. Stay disciplined, manage exposure carefully, and don't force the trade before confirmation.
The setup is worth watching, with a potential short opportunity around 38x leverage. Timing and risk management will be crucial here.
Entry Zone: 0.0967–0.0973
Take Profit Targets:
TP1: 0.0941
TP2: 0.0917
TP3: 0.0892
Stop Loss: 0.0998
If sellers regain control, price could move toward the lower targets. However, a recovery above the planned invalidation level could weaken this setup.
With 38x leverage, even a small price move can have a significant impact. Stay disciplined, manage exposure carefully, and don't force the trade before confirmation.