Good Morning Traders Family 🔥 $MAGIC – SHORT STORY SETUP
Price: 0.06556 (+14.69% 24h)
Direction: SHORT
Entry Zone: 0.0650 – 0.0660
Stop Loss: 0.0680
Targets:
• TP1: 0.0630
• TP2: 0.0610
• TP3: 0.0580 – 0.0560
The Story Behind the Trade
A few hours ago MAGIC was stuck near 0.056, looking weak and forgotten.
Then came the classic AI-sector sympathy pump — +14% in one move, green candles everywhere, people shouting “AI season is back!”
But look closer at the ending of this chapter:
Price rallied straight into the same resistance zone it failed twice before (0.0663–0.0675)
MACD is barely positive, histogram is tiny and already starting to shrink
The biggest volume bar was during the bottom — not during this pump
It’s sitting right under MA99 (0.0663) and can’t hold above it with conviction
This is the exact moment the story usually flips from “hope” to “distribution.”
Bulls got their quick win, weak shorts covered, and now the sellers who waited patiently are ready to take control again.
If it can’t break 0.0675 with real volume in the next few candles, the next page is written in red.
R:R Estimate: 1:3 – 1:4
Leverage suggestion: Spot sell or 3–6× futures short
Who’s turning the page with me?
🚀 Shorting / taking profit
💎 Still holding the pump
🔥 Watching for the flip
