Second leg down forming after rejection from local highs continuation to downside likely

$MAGIC SHORT

Entry Zone

$0.0570 $0.0576

Stop Loss

$0.0588

Take Profit

TP1 $0.0562

TP2 $0.0555

TP3 $0.0548

Why this setup

Price faced strong rejection near resistance and is forming lower highs with bearish continuation candles. Weak bounce indicates sellers still in control and another leg down is expected.

Buy and Trade $MAGIC

MAGICUSDT

Perp

0.0562

-3.86%