🚨TRADING STRATEGY FOR $MAGIC 🚨
🟢LONG TRADE SETUP🟢
ENTRY SIGNAL:
✅ Price closes above EMA(7) (green line), confirming momentum shift.
✅ EMA(7) crosses above EMA(50) and EMA(100) (bullish crossover).
✅ MACD line crosses above the signal line with green histogram growing.
⚡ENTRY POINT:
Around $0.2240 - $0.2260, after confirmation of bullish crossover and uptick in volume.
TARGETS:
🎯 Target 1: $0.2310
🎯 Target 2: $0.2380
🎯 Target 3: $0.2450 (strong resistance zone before $0.25)
⚠️STOP LOSS: Below $0.2210 (just under EMA(7) & local support)
🔴SHORT TRADE SETUP🔴
ENTRY SIGNAL:
✅Price closes below EMA(7) and fails to hold above EMA(50).
✅EMA(7) crosses below EMA(50) and EMA(100) (bearish crossover).
✅MACD histogram turns red and lines diverge downward.
⚡ENTRY POINT:
Around $0.2300 - $0.2280, after a failed bounce and rejection near resistance.
TARGETS:
🎯 Target 1: $0.2210
🎯 Target 2: $0.2150
🎯 Target 3: $0.2130 (confirmed low of the range)
⚠️STOP LOSS: Above $0.2330
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