$MAGIC after the recent upside move, I’m now watching for a potential short setup if price starts showing rejection and momentum begins to weaken.
SHORT $MAGIC
Entry: Current / on confirmed rejection
TP1: 0.059
TP2: 0.057
TP3: 0.054
SL: Above 0.070 or according to your position and risk management
I’m looking for a clear rejection before entering rather than chasing the move. If sellers regain control from the higher zone, the lower targets could come into focus.
Manage leverage and position size carefully, and respect your invalidation level.
DYOR (Do Your Own Research).
SHORT $MAGIC
Entry: Current / on confirmed rejection
TP1: 0.059
TP2: 0.057
TP3: 0.054
SL: Above 0.070 or according to your position and risk management
I’m looking for a clear rejection before entering rather than chasing the move. If sellers regain control from the higher zone, the lower targets could come into focus.
Manage leverage and position size carefully, and respect your invalidation level.
DYOR (Do Your Own Research).
