$MAGIC Bearish Setup: Rejection at Resistance Triggers Short Opportunity
#MAGIC is experiencing heavy sell pressure following a sharp post-spike pullback. Lower highs continue to form on the 15-minute timeframe, confirming that bears are maintaining control while price trades beneath key resistance. This technical rejection keeps the short setup favored toward the lower support target.
Trade Execution Parameters (Short):
Entry Range: $0.0543 – $0.0554
Take Profit (TP): $0.0498
Stop Loss (SL): $0.0580
$QNT
$ZEC
#MAGIC is experiencing heavy sell pressure following a sharp post-spike pullback. Lower highs continue to form on the 15-minute timeframe, confirming that bears are maintaining control while price trades beneath key resistance. This technical rejection keeps the short setup favored toward the lower support target.
Trade Execution Parameters (Short):
Entry Range: $0.0543 – $0.0554
Take Profit (TP): $0.0498
Stop Loss (SL): $0.0580
$QNT
$ZEC
