​$MAGIC looks overstretched — prime shorting opportunity ahead.

​MAGIC staged a massive vertical rally, surging from 0.0606 to over 0.12, but price action is starting to show clear buyer exhaustion near the top.

​Short Entry Zone: 0.1190 – 0.1220

​Take Profit 1: 0.1110

​Take Profit 2: 0.1040

​Final Target: 0.09750

​Stop Loss: 0.1370

​Chasing longs after a nearly 90% single-day spike carries extreme risk. If this resistance zone holds firm, expect heavy profit-taking to trigger a deeper pull-back. This short thesis remains intact as long as price trades below 0.1370.

$MAGIC
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