MAGIC / TetherUS
Short

MAGIC Bearish Divergence

148
MAGICUSDT

Trade Setup:
Target 1: 0.2416(0.786 Fibonnaci Golden Zone).
Target 2: 0.2195 (0.618 Fibonnaci Golden Zone).
Target 3: 0.2040 (0.5 Fibonnaci Golden Zone).
Target 4: 0.1382 (0 Fibonnaci).

Stop Loss: 0.2979 (1.272 Fibonacci).

The RSI is at 84.33, indicating overbought conditions (above 70), which suggests a potential reversal or consolidation may be near unless the trend strengthens further.
Note
snapshot

TP 1 FILLED

+12.94% PROFIT

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