MAGICUSDT The rally is a bull trap before the fall

21 Nis

The rally may be stopped in the zone 0.2633 - 0.2796.
An attempt to retest the upper resistance zone is possible, but the very fact of consolidation below these levels will confirm a false breakout, which may affect further decline

Scenario: false breakdown, consolidation below 0.2510 - 0.2633 with the purpose of continuing the fall

Short-term targets: 0.2173, 0.1700
Medium-term targets: 0.122, 0.071

22 Nis

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