$MAGIC — Bearish Pressure Builds Below Descending Resistance 📉👇
📍 Trade Idea
Entry: Current price or on a pullback to 0.1200–0.1250 USDT.
🎯 Targets:
• TP1: 0.1050
• TP2: 0.0900
• TP3: 0.0759
🛑 Stop Loss: Above 0.1347 USDT.
📊 Technical Analysis:
On H4, MAGIC is forming lower highs beneath descending resistance. Buying momentum is fading after the strong impulse, suggesting distribution and potential profit-taking. A sustained move below 0.1100 could accelerate the decline.
DYOR.
#MAGIC #magicusdt
📍 Trade Idea
Entry: Current price or on a pullback to 0.1200–0.1250 USDT.
🎯 Targets:
• TP1: 0.1050
• TP2: 0.0900
• TP3: 0.0759
🛑 Stop Loss: Above 0.1347 USDT.
📊 Technical Analysis:
On H4, MAGIC is forming lower highs beneath descending resistance. Buying momentum is fading after the strong impulse, suggesting distribution and potential profit-taking. A sustained move below 0.1100 could accelerate the decline.
DYOR.
#MAGIC #magicusdt