$MAGIC LOOKS EXTREMELY OVEREXTENDED ... SHORT SETUP
MAGIC has exploded from around 0.0606 to above 0.16, breaking resistance and flying hard. But after a move this vertical, chasing longs becomes very risky.
I’m watching this as an aggressive short setup, not a guaranteed trade.
Short Entry: 0.153–0.160
TP1: 0.145
TP2: 0.132
Final Target: 0.120
SL: 0.1810
If sellers step in around the current highs, a sharp profit-taking move can easily drag price back toward 0.12.
The setup stays valid while MAGIC remains below 0.1810.
Trade on $MAGIC
MAGIC has exploded from around 0.0606 to above 0.16, breaking resistance and flying hard. But after a move this vertical, chasing longs becomes very risky.
I’m watching this as an aggressive short setup, not a guaranteed trade.
Short Entry: 0.153–0.160
TP1: 0.145
TP2: 0.132
Final Target: 0.120
SL: 0.1810
If sellers step in around the current highs, a sharp profit-taking move can easily drag price back toward 0.12.
The setup stays valid while MAGIC remains below 0.1810.
Trade on $MAGIC