$MAGIC /USDT SURGES 21%—BULLS REGAIN CONTROL, NEXT TARGET $0.18+ IF SUPPORT HOLDS!
$MAGIC /USDT is trading at $0.1426, up +21.88%, after rebounding strongly from the $0.1155 support zone and reaching a high of $0.1817. The price action on the 4H chart shows a bullish engulfing structure supported by high volume (259.89M MAGIC traded), signaling momentum continuation.
🔹 Key Levels:
Support: $0.1300 / $0.1150
Resistance: $0.1600 / $0.1800
Current Price: $0.1426
🔹 Trade Setup:
Entry Zone: $0.1380–$0.1440 (on minor pullback)
Take Profits (TP): $0.1600 / $0.1750 / $0.1820
Stop Loss (SL): Below $0.1300
📊 Market Outlook:
MAGIC is gaining traction in the gaming sector with strong short-term momentum. A hold above $0.1400 could trigger another bullish leg toward the $0.18 area. However, watch out for volatility near resistance.
⚠️ Risk Management:
Use a stop loss under $0.1300. Allocate 1-2% of your capital per trade due to potential intraday swings.
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