๐จ $MAGIC Reversal Loading? Oversold Gem on the Radar!
๐ After a sharp dip of -14.83%, dropping from ~$0.25 to $0.2159, $M$MAGIC ght be entering a prime bounce zone. This level has previously acted as strong support, and technical indicators are now hinting at an upcoming bullish reversal.
๐ Quick Analysis:
โ Price Zone: $0.21โ$0.22 (oversold support)
โ Volume: Capitulation volume spike โ sellers may be exhausted
โ RSI: Near oversold levels (buy signal potential)
โ Chart Structure: Possible double-bottom forming on the 4H chart
๐ง Trade Idea โ Bounce Play Setup:
Entry Zone: $0.213 โ $0.219
Stop-Loss: Below $0.200 (invalidation)
Target 1: $0.235
Target 2: $0.248
Target 3: $0.265
๐ Bonus Target if Momentum Builds: $0.285 โ previous high zone
๐งฒ Why this setup looks promising:
Support zone has held historically
Sellers look exhausted after sharp dump
Market likely to bounce as BTC stabilizes
MAGIC ystem remains solid long-term (Treasure + Arbitrum)
๐ก Pro Tip for Traders:
Lock partial profits at each target
Adjust your SL upwards as price rises
Patience = Profits ๐
๐ TRADE $MAGIC NOW โ Don't miss the bounce play of the week.
Follow me for more ๐ฅ setups and real-time market insights.
#MAGIC #CryptoTrading #BinanceSquare #Altcoins #ReversalPlay