🚨 $MAGIC Reversal Loading? Oversold Gem on the Radar!
📉 After a sharp dip of -14.83%, dropping from ~$0.25 to $0.2159, $M$MAGIC ght be entering a prime bounce zone. This level has previously acted as strong support, and technical indicators are now hinting at an upcoming bullish reversal.
🔍 Quick Analysis:
✅ Price Zone: $0.21–$0.22 (oversold support)
✅ Volume: Capitulation volume spike – sellers may be exhausted
✅ RSI: Near oversold levels (buy signal potential)
✅ Chart Structure: Possible double-bottom forming on the 4H chart
🧠 Trade Idea – Bounce Play Setup:
Entry Zone: $0.213 – $0.219
Stop-Loss: Below $0.200 (invalidation)
Target 1: $0.235
Target 2: $0.248
Target 3: $0.265
📈 Bonus Target if Momentum Builds: $0.285 – previous high zone
🧲 Why this setup looks promising:
Support zone has held historically
Sellers look exhausted after sharp dump
Market likely to bounce as BTC stabilizes
MAGIC ystem remains solid long-term (Treasure + Arbitrum)
💡 Pro Tip for Traders:
Lock partial profits at each target
Adjust your SL upwards as price rises
Patience = Profits 📊
🚀 TRADE $MAGIC NOW – Don't miss the bounce play of the week.
Follow me for more 🔥 setups and real-time market insights.
#MAGIC #CryptoTrading #BinanceSquare #Altcoins #ReversalPlay