🚨 TRADING STRATEGY FOR $MAGIC 🚨
🟢Long Trade Setup 🟢
⭐Entry Criteria:
✅ Price breaks above resistance with volume (e.g., above $0.1486 from your chart)
✅ RSI between 50–70 (momentum without overbought condition)
✅ Candle closes above MA(20) and MA(7)
⚡Entry Point:
🟢 $0.148 – $0.152 (after confirmation of breakout)
⭕Targets:
🎯 Target 1: $0.165
🎯 Target 2: $0.180
🎯 Target 3: $0.200 – $0.299
(next major resistance zone)
⚠️Stop Loss: $0.138 (below support and MA20)
🔴 Short Trade Setup 🔴
⭐Entry Criteria:
✅ RSI > 70 (overbought)
✅ Price fails to break above resistance zone ($0.194–$0.200)
✅ Bearish candle forms (engulfing, doji, etc.)
⚡Entry Point:
🔴 $0.190 – $0.195 (near top resistance)
⭕Targets:
🎯 Target 1: $0.165 (previous support)
🎯 Target 2: $0.148
🎯 Target 3: $0.131 (MA99 and solid base support)
⚠️Stop Loss: $0.205 (break above previous high)
📜 Risk Management Tips:
⚖️ Use 2% risk per trade rule.
⏱️ Stick to 15m or 1h timeframes for precision entries.
🧠 Always wait for candle close confirmation.
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