๐จโ ๏ธ $MAGIC โ IS A BRUTAL REJECTION COMING? ๐๐
$MAGIC has exploded nearly 130% in 24 hours ๐๐ฅ
But after a pump this aggressive, Iโm watching higher-timeframe resistance instead of chasing green candles.
๐ฏ $0.20 โ First resistance zone
๐ฏ $0.22 โ Higher resistance zone
๐ My SHORT plan:
๐น 25% initial entry if rejection is confirmed
๐น 75% reserved for a stronger setup
๐น Waiting for price action confirmation before adding
โ ๏ธ Iโm not calling the exact top. If buyers break resistance with strong momentum, the bearish setup could fail.
My bias: BEARISH ๐ค๐
What do you think? ๐
๐ Another leg up or ๐ฅ a brutal rejection?
#MAGIC #CryptoTrading #BinanceSquare
Not financial advice. DYOR. Shorting after a massive pump carries significant liquidation risk.$MAGIC
$MAGIC has exploded nearly 130% in 24 hours ๐๐ฅ
But after a pump this aggressive, Iโm watching higher-timeframe resistance instead of chasing green candles.
๐ฏ $0.20 โ First resistance zone
๐ฏ $0.22 โ Higher resistance zone
๐ My SHORT plan:
๐น 25% initial entry if rejection is confirmed
๐น 75% reserved for a stronger setup
๐น Waiting for price action confirmation before adding
โ ๏ธ Iโm not calling the exact top. If buyers break resistance with strong momentum, the bearish setup could fail.
My bias: BEARISH ๐ค๐
What do you think? ๐
๐ Another leg up or ๐ฅ a brutal rejection?
#MAGIC #CryptoTrading #BinanceSquare
Not financial advice. DYOR. Shorting after a massive pump carries significant liquidation risk.$MAGIC