The $MAGIC rally has delivered a massive move, but the sharp rejection from $0.1639 shows that profit-taking is kicking in.
$MAGIC /USDT | 1H SHORT BIAS
Trade Plan
Entry: $0.1180–$0.1230
SL: $0.1315
TP1: $0.1100
TP2: $0.1010
TP3: $0.0920 (if selling pressure accelerates)
Why This Setup?
1H Structure: After a strong rally, MAGIC suffered a sharp sell-off and is now trading below MA(7) at $0.1309.
Price Positioning: The $0.1180–$0.1230 zone is a key area to watch. Rejection here could favor another move lower.
Volume Behavior: The heavy volume during the sell-off signals strong activity, but the rebound near MA(25) at $0.1165 means buyers are still attempting to recover.
As long as price fails to reclaim $0.1237, downside pressure remains possible. A strong breakout above resistance would weaken the short setup.
Will MAGIC continue its correction toward $0.1010, or can buyers reclaim momentum after the sell-off?
Click Trade Here 👇🏻
#HadiaBTC
Disclaimer: This post is for educational purposes only, not financial advice. Crypto trading involves significant risk. Always do your own research before making trading decisions.
$MAGIC /USDT | 1H SHORT BIAS
Trade Plan
Entry: $0.1180–$0.1230
SL: $0.1315
TP1: $0.1100
TP2: $0.1010
TP3: $0.0920 (if selling pressure accelerates)
Why This Setup?
1H Structure: After a strong rally, MAGIC suffered a sharp sell-off and is now trading below MA(7) at $0.1309.
Price Positioning: The $0.1180–$0.1230 zone is a key area to watch. Rejection here could favor another move lower.
Volume Behavior: The heavy volume during the sell-off signals strong activity, but the rebound near MA(25) at $0.1165 means buyers are still attempting to recover.
As long as price fails to reclaim $0.1237, downside pressure remains possible. A strong breakout above resistance would weaken the short setup.
Will MAGIC continue its correction toward $0.1010, or can buyers reclaim momentum after the sell-off?
Click Trade Here 👇🏻
#HadiaBTC
Disclaimer: This post is for educational purposes only, not financial advice. Crypto trading involves significant risk. Always do your own research before making trading decisions.