🧙 $MAGIC /USDT – 15m Chart Analysis

Current Price: $0.1576

Trend: Short-Term Bullish with Cooling Momentum

📊 Setup Overview

MAGIC just completed a parabolic leg, peaking near $0.19 with a sharp wick — classic signs of profit-taking at overextended levels. Since then, we've seen a slight pullback and sideways drift around the MA7 (0.1580).

MA7 > MA25 > MA99 = short-term uptrend still intact

Price consolidating just below MA7

Low-volume pullback = potential continuation brewing

🎯 Potential Scenarios
📈 Bullish Continuation (Ideal Setup)

Reclaim and hold above $0.1580 (MA7)

Breakout above $0.1640 → could open up:

Target 1: $0.1720 – minor resistance from earlier wick

Target 2: $0.1850 – local high test

Target 3: $0.1950 – psychological and previous spike zone

📉 Bearish Breakdown (Risk Watch)

Lose $0.1530 support

MA25 ($0.1402) would then act as the magnet

Break below $0.1380 = structure failure

🧠 Final Note

This is a high-volatility breakout in consolidation. If it holds above $0.1530–$0.1580 with volume, bulls may push a second wave. But don't chase if it stalls too long — time is money, and flags lose heat fast on low timeframes.

⚠️ DYOR – Do Your Own Research. This is not financial advice. Markets can be volatile — always trade responsibly!