$MAGIC SHORT — Sharp Pullback After a Strong Pump!
MAGIC is trading around $0.0766 after a strong 19% rally, but sellers are showing signs of pressure. A break below $0.0750 could trigger a deeper pullback toward $0.0700 and $0.0679. Watch resistance near $0.0775–$0.0800 for rejection before entering.
Trade Setup: SHORT
Entry Zone: $0.0765–$0.0775
TP 1: $0.0750
TP 2: $0.0700
TP 3: $0.0679
SL: $0.0806
$NEAR
$RLC
MAGIC is trading around $0.0766 after a strong 19% rally, but sellers are showing signs of pressure. A break below $0.0750 could trigger a deeper pullback toward $0.0700 and $0.0679. Watch resistance near $0.0775–$0.0800 for rejection before entering.
Trade Setup: SHORT
Entry Zone: $0.0765–$0.0775
TP 1: $0.0750
TP 2: $0.0700
TP 3: $0.0679
SL: $0.0806
$NEAR
$RLC