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$MAGIC IS shows a bearish book structure at the moment 🔴
Entry: 0.04185 🔥
Target: 0.04134 🚀
Stop loss: 0.04286 ⚠️
The trend on the higher timeframe is clear — price continues to form lower highs, and short-term momentum aligns with that. The RSI at 36.9 tells me sellers are still in control, and the decline isn't over yet. This is not a bottom reversal setup; it's a sell continuation trade.
Confidence level 70% on this based on daily structure alone. The risk-reward ratio works out roughly at 1:2.5 if we reach the first target. Are you selling or waiting for a retest?
Not financial advice. Always manage your risk.
#MAGIC #ShortSetup #Bearish #Crypto