$MAGIC USDT: Resistance Rejection — Bears Are Taking Control
MAGIC is facing strong selling pressure near the $0.1133 resistance zone on the 15-minute chart. After a sharp recovery from the $0.093 area, price has returned to resistance, where another rejection could open the door to a deeper pullback.
The chart favors a potential SHORT setup if sellers defend this zone. Confirmation matters: a breakdown toward $0.1107 could lead to further downside, while a strong breakout above resistance would weaken the bearish idea.
MAGICUSDT — SHORT SETUP
EP (Entry Price): $0.1125–$0.1135
TP1: $0.1107
TP2: $0.1090
TP3: $0.0990
SL (Stop Loss): $0.1210
WATCH THE REJECTION
The first target is near-term support, while the lower targets require sustained selling pressure. Don't assume every level will be reached; monitor price action as the trade develops.
If price breaks above resistance and holds, step back and reassess rather than forcing the setup. High leverage increases liquidation risk, so keep position sizing disciplined.
Stay patient, follow the confirmation, and manage risk with MAGICUSDT.
— ChainBanter
MAGIC is facing strong selling pressure near the $0.1133 resistance zone on the 15-minute chart. After a sharp recovery from the $0.093 area, price has returned to resistance, where another rejection could open the door to a deeper pullback.
The chart favors a potential SHORT setup if sellers defend this zone. Confirmation matters: a breakdown toward $0.1107 could lead to further downside, while a strong breakout above resistance would weaken the bearish idea.
MAGICUSDT — SHORT SETUP
EP (Entry Price): $0.1125–$0.1135
TP1: $0.1107
TP2: $0.1090
TP3: $0.0990
SL (Stop Loss): $0.1210
WATCH THE REJECTION
The first target is near-term support, while the lower targets require sustained selling pressure. Don't assume every level will be reached; monitor price action as the trade develops.
If price breaks above resistance and holds, step back and reassess rather than forcing the setup. High leverage increases liquidation risk, so keep position sizing disciplined.
Stay patient, follow the confirmation, and manage risk with MAGICUSDT.
— ChainBanter