Technical analysis by CC_Analyst about Symbol MAGIC: Sell recommendation (8/4/2025)

Long upper wicks (like inverted hammers or shooting stars) Multiple candles failing to close above $0.21–0.215 Bearish volume spike with price stalling = aggressive sellers Low volume stall = buyers exhausted Dropping from above 70 Bearish divergence vs price You can consider a short with a tight stop just above $0.215–0.22 Targets: $0.1980 → $0.1880 → $0.1780