MAGIC is crumbling under fresh bearish pressure, price just ripped through the last swing high. Looks like the bears are taking over the chart.
đŽ $MAGIC SHORT đ
Entry â $0.107782-$0.107998
Stop â $0.111127 (-3.0%)
TP1 â $0.106272 (+1.5%)
TP2 â $0.102495 (+5.0%)
R/R 1:1.7 âą Confidence 64%
We got a clean CHoCH as the market broke the previous swing low, and the CVD turned negative confirming the move. The FVG lines up with a fresh order block and a liquidity sweep just ate the last buy stop. All that POI confluence makes the short look tight.
A 3âŻ% stop is a bit tight, so stick to 2â3x leverage to keep margin safe.
Take half off the table once you hit the first target.
Not financial advice â trade only what you can afford to lose đ
$MAGIC #MAGICUSDT #CPIWatch #TradingSignals #Write2Earn
đŽ $MAGIC SHORT đ
Entry â $0.107782-$0.107998
Stop â $0.111127 (-3.0%)
TP1 â $0.106272 (+1.5%)
TP2 â $0.102495 (+5.0%)
R/R 1:1.7 âą Confidence 64%
We got a clean CHoCH as the market broke the previous swing low, and the CVD turned negative confirming the move. The FVG lines up with a fresh order block and a liquidity sweep just ate the last buy stop. All that POI confluence makes the short look tight.
A 3âŻ% stop is a bit tight, so stick to 2â3x leverage to keep margin safe.
Take half off the table once you hit the first target.
Not financial advice â trade only what you can afford to lose đ
$MAGIC #MAGICUSDT #CPIWatch #TradingSignals #Write2Earn