$MAGIC Holding Steady – Tight Range Before the Next Big Move?
$MAGIC is trading at $0.2593, consolidating near the $0.2555 support zone after a strong +16% intraday move. Price is squeezing into a tight range with breakout potential on either side.
Key Levels to Watch:
• Resistance: $0.2650 – A breakout above this could lift price to $0.2720 and $0.2800.
• Support: $0.2555 – A breakdown below may trigger a dip toward $0.2480 and $0.2400.
Trade Setup:
• Bullish Entry: Above $0.2650
• TP1: $0.2720
• TP2: $0.2800
• Bearish Entry: Below $0.2555
• TP1: $0.2480
• TP2: $0.2400
Stop-Loss: Use tight stops just outside entry levels to protect capital from fakeouts.