$MAGIC is attempting a bounce, but the downtrend hasn't changed yet.
Price has fallen from 0.1271 to 0.1077, with sellers controlling most of the 15M move. The latest candles have recovered toward 0.1113, but I’d want to see 0.1130 reclaimed before getting confident about a stronger recovery.
Entry: 0.1105 – 0.1115
TP: 0.1130 / 0.1153 / 0.1180
SL: 0.1085
If buyers hold above 0.1100, a relief bounce could continue. A break below 0.1077 would weaken the setup further.
NFA. Manage risk.
Trade Here On $MAGIC 👇
Price has fallen from 0.1271 to 0.1077, with sellers controlling most of the 15M move. The latest candles have recovered toward 0.1113, but I’d want to see 0.1130 reclaimed before getting confident about a stronger recovery.
Entry: 0.1105 – 0.1115
TP: 0.1130 / 0.1153 / 0.1180
SL: 0.1085
If buyers hold above 0.1100, a relief bounce could continue. A break below 0.1077 would weaken the setup further.
NFA. Manage risk.
Trade Here On $MAGIC 👇