Good Morning Traders Family đŸ”„ $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

đŸ”„ Watching for the flip

#MAGIC #CryptoTrading #Aitcoins