MAGIC Chart Just Flashed A Violent Reversal Signal.

$MAGIC just pulled a nasty fakeout, failing to hold the crucial 0.10 level. Sellers look dominant, pushing the price lower. BUT look closer at the wick near 0.0937. That is not weakness; that is massive demand absorbing the supply. When $MAGIC turns, it will be a sudden, violent move. This structure is a loaded spring ready to fire. This is exactly what happened before $ETH broke 4k.

Not financial advice. Positions can change rapidly.

#CryptoTrading #Altcoins #TechnicalAnalysis #MAGIC 🔥