$MAGIC is showing weakness around the current zone, with repeated rejection suggesting sellers are becoming more active. If the rebound fails and downside momentum builds, price could move toward the lower support levels.
Short idea $MAGIC
Entry: 0.0690 – 0.0725
SL: 0.0760
TP1: 0.0660
TP2: 0.0635
TP3: 0.0620
Stay disciplined with risk and avoid excessive leverage. A clean move above the invalidation level would weaken this setup.
DYOR (Do Your Own Research)
Short idea $MAGIC
Entry: 0.0690 – 0.0725
SL: 0.0760
TP1: 0.0660
TP2: 0.0635
TP3: 0.0620
Stay disciplined with risk and avoid excessive leverage. A clean move above the invalidation level would weaken this setup.
DYOR (Do Your Own Research)
