$MAGIC looks overstretched — prime shorting opportunity ahead.
MAGIC staged a massive vertical rally, surging from 0.0606 to over 0.12, but price action is starting to show clear buyer exhaustion near the top.
Short Entry Zone: 0.1190 – 0.1220
Take Profit 1: 0.1110
Take Profit 2: 0.1040
Final Target: 0.09750
Stop Loss: 0.1370
Chasing longs after a nearly 90% single-day spike carries extreme risk. If this resistance zone holds firm, expect heavy profit-taking to trigger a deeper pull-back. This short thesis remains intact as long as price trades below 0.1370.
$MAGIC
$MSFTB
#ZcashTargetsJanuaryForQuantumResistantPayments #ReusedBitcoinAddressesHold4.33MBTC
MAGIC staged a massive vertical rally, surging from 0.0606 to over 0.12, but price action is starting to show clear buyer exhaustion near the top.
Short Entry Zone: 0.1190 – 0.1220
Take Profit 1: 0.1110
Take Profit 2: 0.1040
Final Target: 0.09750
Stop Loss: 0.1370
Chasing longs after a nearly 90% single-day spike carries extreme risk. If this resistance zone holds firm, expect heavy profit-taking to trigger a deeper pull-back. This short thesis remains intact as long as price trades below 0.1370.
$MAGIC
$MSFTB
#ZcashTargetsJanuaryForQuantumResistantPayments #ReusedBitcoinAddressesHold4.33MBTC