$MAGIC Sharp Bullish Reversal! šš„
$MAGIC is trading at 0.2814 (+4.73%) after a strong bullish breakout from a consolidation range. The aggressive green candle indicates a sudden influx of buyers, reclaiming key levels and signaling potential continuation if momentum sustains.
Key Levels
ā¢ Resistance: 0.2850 ā 0.2900
ā¢ Support: 0.2750 ā 0.2680
Trade Setup
ā¢ Entry Zone: 0.2760 ā 0.2800
ā¢ Stop Loss: 0.2680
šÆ TP1: 0.2850
šÆ TP2: 0.2900
šÆ TP3: 0.2970
Market Insight
The strong recovery from 0.2550 lows with high volume suggests a reversal play is in action. If bulls maintain pressure above 0.2750, we could see an attempt toward the 0.3000 psychological resistance in the short term.