Here's a quick
$MAGIC /USDT trade setup based on your provided snapshot (short-term focus):
MAGIC/USDT Trade Setup (Intraday to Short Swing)
Current Price: $0.2268
24h Range: $0.1927 – $0.2440
MA60 (15m): $0.2300
Volume: Strong (MAGIC: 65.45M, USDT: 14.26M) — suggests active interest.
Bullish Scenario (if momentum continues):
Trigger: Reclaim and hold above MA60 ($0.2300) and break above $0.2338–$0.2350 zone
Entry: $0.2340 (after breakout confirmation with volume)
Target 1 (TP1): $0.2440 (recent high)
Target 2 (TP2): $0.2550–$0.2600
Stop-loss: $0.2240 (or tight below intraday support)
Bearish Scenario (if rejected from resistance):
Trigger: Rejection from $0.2300 area, or break below $0.2240
Entry: $0.2230
Target: $0.2150, then $0.2000
Stop-loss: $0.2305
Notes:
RSI/MACD check on 1H/4H would help confirm strength or weakness.
If price remains below MA60, be cautious with long entries.
Volume spike at breakout will be key to catching real momentum.
Would you like a visual chart with this setup or deeper analysis on a specific timeframe like 1H or 4H? Follow for more updates.
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