#MAGIC I also want to talk to you
MAGIC was hovering at the bottom for a few days, oscillating between $0.11 and $0.12 from June 13 to 16. But after the 16th, it suddenly surged, jumping directly to $0.1817 on the 17th, and now it has dropped back to $0.1419. During this wave of increase, the trading volume clearly expanded, indicating that capital has entered the market.
Moving Averages: The 7-day moving average is $0.1437, and the 30-day moving average is $0.1236. The short-term moving average is above the long-term moving average, and the short-term moving average is greater than the long-term moving average, indicating that the short-term trend is relatively strong.
RSI: All are above 50, indicating that the market is not weak, but it has not reached the overbought level where a significant drop would occur, leaving room for further increases.
MACD: DIF is above DEA, and the MACD histogram is positive, indicating that the bulls are dominant.
Short: The current price is near the 7-day moving average, worth paying attention to. If it can stabilize around $0.14, there may be a chance to push higher, but do not chase the highs, as there is resistance around $0.15.
Long: You can hold onto it for now, waiting for the trend to become clearer, such as if the price can effectively break through $0.15, or if it dips but does not break below $0.13, then consider increasing your position.
Risk Control: Regardless of short-term or long-term, set stop-loss levels, for example, if it drops below $0.13, consider stepping back to reassess. Do not treat short-term trades as long-term investments, nor make long-term investments like a shareholder.
MAGIC has been highly volatile recently, with capital attention, but it has not stabilized completely. Be flexible in your operations, don’t be rigid, and remember "trend is king, go with the trend."
$BTC $ETH #币安钱包TGE Opportunities and risks coexist in the crypto space, stay alert, and finding the right timing is key. I also discovered a short-term project with huge potential for explosive growth! If you want to keep up, click the little avatar to follow me, I will share it for free!
