$MAGIC – Resistance Holding, Short Setup Active
MAGIC touched 0.0687 and got rejected. Currently trading at 0.0677, with lower highs forming on the 1H. Sellers are defending the 0.0687–0.0694 zone.
Volume is light at 4.6M MAGIC, and buyers couldn't hold the highs. The structure favors downside.
Immediate support at 0.0668. A break below opens 0.0650 and then 0.0633.
Entry: 0.0680 – 0.0684
Targets: 0.0670 / 0.0668 / 0.0650
Stop: 0.0696
Risk above the recent swing high. Let the rejection play out.
MAGICUSDT
Perp
0.0673
-1.36%