Feature Request: Magic Sheet Text Field/label Bounding Box Option

I've saw requests in the past for Wrap Text in MS in the past, and I know you can currently do it by copying wrapped text from a text editor (nomad); so this may have already been discussed.It would be helpful if there was a checkbox option for each Text Field to have a bounding box that cuts off the text if it exceeds a certain number of characters. For Live Table/Summary if a preset/palette label is too long it gets cut off to prevent overlap, and this would be very helpful to also have available in Magic Sheets as in some situations maintaining legibility is more important than seeing the entire label. 

This could alternatively be solved with dynamically font size changing within the text box, but that seems like a more laborious request.

Thanks,

Steven Johnson