$MAGIC /USDT FACING SHORT-TERM DOWNSIDE — BEARISH PRESSURE LIKELY IF SUPPORT BREAKS

Market Snapshot

Current Price: 0.0930

24H Change: -3.53%

24H High: 0.0969

24H Low: 0.0909

24H Volume (MAGIC): 6.35M

24H Volume (USDT): 597,350.98

Category: AI

Exchange: Binance

MAGIC is under short-term selling pressure after failing to hold near the 24H high. The price is testing support, and a breakdown could trigger further downside. Traders should watch key levels closely for potential entries.

🔑 Key Support & Resistance Levels

Resistance Levels

0.0939 – 0.0969: Immediate resistance

0.1006 – 0.1072: Next significant resistance zone

0.1139 – 0.1206: Strong structural resistance

Support Levels

0.0930 – 0.0909: Short-term support

0.0888 – 0.0872: Intraday support

0.0850 – 0.0835: Key structural support

📉 Trade Setup (BEARISH BIAS)

Trade Type: Short

Entry Zone: 0.0928 – 0.0935

Target 1 (TP1): 0.0909

Target 2 (TP2): 0.0888

Target 3 (TP3): 0.0872+

Stop-Loss (SL): 0.0969

Enter on confirmation of support breakdown and manage risk carefully.

🌱 Final Message

Monitoring support and resistance is essential in volatile markets. Stay disciplined, protect your capital, and trade with a plan. Each trade builds experience and confidence—remain patient, focused, and ready for the next opportunity 📊💪