#MAGIC pumped 40% then dumped back. This one looks weak #MAGIC
$MAGIC : pumped from 0.0747 to 0.1636, then dumped straight back to 0.1071. RSI 31 — oversold but still below EMA7 and EMA25. That bounce doesn't look real.
Volume spiked and died. Late buyers are trapped here. If it loses 0.1070, it can dump to 0.0892/0.0747.
Short entry: 0.1100 – 0.1150
Targets: 0.0892 / 0.0747
SL: 0.1180
Watching for rejection from EMA7. If it fails to reclaim, I think the dump continues.
anyway manage your risk and positions.... best of luck.
#CryptoDropbit
$MAGIC : pumped from 0.0747 to 0.1636, then dumped straight back to 0.1071. RSI 31 — oversold but still below EMA7 and EMA25. That bounce doesn't look real.
Volume spiked and died. Late buyers are trapped here. If it loses 0.1070, it can dump to 0.0892/0.0747.
Short entry: 0.1100 – 0.1150
Targets: 0.0892 / 0.0747
SL: 0.1180
Watching for rejection from EMA7. If it fails to reclaim, I think the dump continues.
anyway manage your risk and positions.... best of luck.
#CryptoDropbit