$MAGIC Long Trade Setup – Final Target: $0.1850
$MAGIC has shown a strong bullish breakout, currently trading near $0.1627, marking a +41.72% surge. After rebounding from its recent low of $0.1119, the price is gaining momentum with solid trading volume and healthy buying pressure.
Strategic Trade Plan:
Entry Zone: $0.1600 – $0.1635
Initial Target: $0.1690
Second Target: $0.1760
Final Target: $0.1850
Stop-Loss: Below $0.1530 (risk management)
Market Outlook:
The overall trend is bullish, with the price steadily rising and forming higher lows. If MAGIC
sustains above the key support level of $0.1600, further upside toward the $0.1800 zone is highly probable.
Use a stop-loss to manage downside risks, and consider scaling out profits at each target level to lock in gains securely.
