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$MAGIC | 1h | Reversal Short
Bias: Short
Entry Zone: 0.0498 to 0.0512
Stop Loss: 0.0532
Targets:
TP1: 0.0486
TP2: 0.0470
TP3: 0.0448
Invalidation:
Close above 0.0532
Why This Setup:
I’m shorting into the spike after a sharp impulsive move into resistance. The rally looks stretched and I expect a pullback if price loses the breakout area and fails to hold above the recent high-volume push.