$MAGIC /USDT Trading Signal - Potential Reversal
Long Position Entry: $0.6000 - $0.6050
Targets:
1. $0.6100 (Short-term target)
2. $0.6200 (Mid-term target)
3. $0.6350 (Extended target)
Stop Loss: $0.5900
Market Observation: MAGIC/USDT has seen a sharp drop but is forming a potential reversal structure on the 5-minute chart. If the price rebounds from the $0.6000 level, it could lead to a recovery toward the targets. Monitor closely and use the stop-loss to manage risk.