$MAGIC is showing increasing bearish pressure as sellers step in and buyers struggle to maintain control. If this weakness continues, the price could move toward lower support zones, making a short setup worth watching.
Trading Idea: Short $MAGIC
TP1: $0.090 TP2: $0.080 TP3: $0.070
SL: Above $0.125
Stay disciplined and manage your position carefully. Watch for a breakdown confirmation before entering, and avoid chasing the move if the price has already dropped significantly. If buyers regain control, reassess the setup and respect your stop-loss.
DYOR (Do Your Own Research).
Trading Idea: Short $MAGIC
TP1: $0.090 TP2: $0.080 TP3: $0.070
SL: Above $0.125
Stay disciplined and manage your position carefully. Watch for a breakdown confirmation before entering, and avoid chasing the move if the price has already dropped significantly. If buyers regain control, reassess the setup and respect your stop-loss.
DYOR (Do Your Own Research).