$MAGIC Back in Momentum – Bulls Taking Charge
MAGIC has bounced strongly to $0.2907, signaling a clear shift back into bullish momentum. Buyers have stepped in aggressively after holding the $0.2660 support zone, and the surge in volume shows renewed interest from the market. If this momentum continues, MAGIC could soon retest its recent highs.
Next Trade Setup
Entry Zone: $0.2850 – $0.2900 (look for consolidation before entry)
Support: $0.2660
Resistance: $0.2920, $0.3065
Targets:
TP1: $0.2920
TP2: $0.3000
TP3: $0.3065
Risk Management
Stop Loss: Below $0.2660
Risk 2–3% capital per trade
Avoid chasing breakout candles — wait for a small retracement for better entry.
If bulls hold above $0.2850, we could see MAGIC making a solid run toward $0.3065 in the short term.