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

MAGICUSDT Trade Setup: Target 1: 0.2416(0.786 Fibonnaci Golden Zone). Target 2: 0.2195 (0.618 Fibonnaci Golden Zone). Target 3: 0.2040 (0.5 Fibonnaci Golden Zone). Target 4: 0.1382 (0 Fibonnaci). Stop Loss: 0.2979 (1.272 Fibonacci). The RSI is at 84.33, indicating overbought conditions (above 70), which suggests a potential reversal or consolidation may be near unless the trend strengthens further.