#MAGIC #Crypto #Investing #MarketAnalysis #CryptoSignals
Market context:
Money flow is strongly shifting into MAGIC after a period of adjustment, with many positive signals from trading volume and OBV. The market is currently absorbing and consolidating the growth trend in the medium term.
Technical analysis:
Below is the technical analysis of the MAGIC money flow chart based on the image
1. Price Action
MAGIC has sharply decreased from the range of 0.21 to 0.165, then moved sideways to accumulate.
The period in mid-April began to show strong green candles, signaling that money flow is returning.
The current price is at the range of 0.1923, approaching the nearest peak (weak resistance at 0.198–0.21).
2. OBV Indicator (On-Balance Volume)
In the down phase from 0.21 to 0.165, OBV plummeted, confirming the outflow of funds.
From the beginning of April, when the price was still accumulating, OBV began to rise before the price increased, indicating positive divergence (money flowing in quietly beforehand).
Currently, OBV continues to rise strongly, in agreement with the price increase – confirming that the uptrend is sustainable.
The money flow has not only returned but is also stronger than the period before the decline.
3. Trading Volume (VOL)
The accumulation phase has low volume, reflecting hesitation.
The volume started to gradually increase from mid-April and surged strongly in recent sessions, coinciding with large bullish candles.
The strong increase in volume is a confirming factor that the uptrend is not due to 'fake pump' but has real money flow.
4. Assessment of money flow trends
Money flow has shifted from distribution to accumulation and is now being strongly absorbed.
OBV steadily increases along with price and volume, confirming that the current increase has a solid foundation.
If OBV continues to rise in phase with the price and there is no negative divergence, the upward trend of MAGIC will remain sustainable in the medium term.
MAGIC's price has strongly recovered from the range of 0.165, currently trading around 0.1923, close to the resistance level of 0.21.
OBV strongly rises in phase with the price, confirming clear and sustainable money flow.
Trading volume has exploded, indicating that the uptrend is supported by real buying power, not a 'fake pump'.
Money flow is transitioning from distribution → accumulation → absorption, consolidating the upward trend in the medium term.
5. Investment strategy:
Expected timeframe: Medium-term (1–3 weeks).
Optimal buying range: 0.182–0.185 (correction phase).
Profit-taking target: 0.225–0.275.
Stop loss: Below 0.175 or when OBV turns negative.
Probability of success: High if OBV continues to agree with the price.
Note: Prioritize holding positions based on medium-term waves, avoid FOMO when the price has hit previous peaks.
Trade immediately