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$MAGIC facing hardcore resistance at 0.1380 ⚠️
Price just pulled off a massive daily breakout, but it has slammed straight into a heavy resistance block around 0.1380 — the same zone where candles repeatedly failed in the past. Momentum is strong, yes… but this level historically forces deep pullbacks.
With MA99 and higher resistances stacked above, the upside path becomes tighter from here. That’s why a short setup between 0.1380 → 0.1490 looks more favourable for traders who like playing reversals. This entire band acts as a supply zone, and wicks already show early rejection signs.
Trade the reaction — not the emotion.