My pre-Hardmode magic set-up!
Armor:
-Magic Hat
-Diamond Robe
-Meteor Leggings
Nets you a total:
10 defense (2 hat, 3 robe, 5 leggings)
+140 mana (80 from robe, 60 from robe/hat set bonus)
-23% mana cost (15 from robe, 8 from mana flower)
+14% magic damage (7 from hat, 7 from leggings)
+7% magic critical chance (from hat)
Accessories:
Warding Frostspark Boots (+4 defense), lava waders in vanity slot to switch when needed.
Warding Obsidian Shield (+6 defense total)
Warding Yellow Horseshoe Balloon (+4 defense)
Warding Mana Flower (+4 defense)
Arcane Magic Cuffs (+40 mana total)
After accessories and filling up your mana you will have 28 defense and 380 mana.
Weapons:
Mythical Flamelash
Mythical Diamond Staff
Mythical Flower of Fire
Legendary Enchanted Sword (not the best pre-hardmode sword but it's super rare and looks awesome)
Ruthless Imp Staff
Final touch is a gypsy robe in the chest vanity slot.
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