Brother, look, the price of MAGIC is really wobbling right at the upper Bollinger Band line. It's like a car has reached the speed limit on the fast lane, a crucial and sensitive position.



Core technical analysis focuses on these 4 areas:

The position of the upper Bollinger Band
The price is stuck here now, this is the short-term ceiling! A strong momentum is needed to push higher, otherwise, it’s easy to fall back.

Two major pressure zones clearly marked!
0.1777 is the core pressure zone,
0.1700 is the secondary pressure level.
If the price doesn't break through these levels with volume, the upward momentum is hard to sustain.

Where is the support line below?
0.1616 (current price, also the first support),
0.1500,
The strongest support is at 0.1403–0.1406.
Be cautious if it breaks 0.1616; 0.1500 is the key defense!

'Alligator's mouth contraction' signal
This is a signal for the trend to start, indicating that the bulls have just begun to exert force in the short term, but be wary of the pullback demand at such a high position.


News aspect:

No significant news to stimulate the gaming/blockchain sector. The trend relies more on technical aspects and the overall market.

What to do? Simple strategy:

Those holding coins: consider partially cashing out around 0.1700 or 0.1777 for safety. Be vigilant if it breaks 0.1616.

For those wanting to buy/add positions: don't chase now! It's best to wait for a pullback to stabilize around 0.1500 before considering, or wait for a volume breakout and stabilization at 0.1777 (safer but at a higher cost).

Core mantra: Don't be greedy when the price spikes, be cautious of breakouts! 0.1777 is the real test, and 0.1616 is the short-term lifeline.

The upper Bollinger Band is not the final destination, but more of a 'warning sign.' Combined with the bullish signal from the Alligator line and the strong pressure zone above, everyone must ensure in the short term: 'Don't be greedy when the price spikes, don't panic on pullbacks, make decisions at key levels, and keep a close eye on news trends!' There are risks in the crypto world, and operations must be cautious!

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The survival battle in the crypto world has escalated! Brother Qiu's team provides real-time interpretations of accurate news, farewell to being a retail investor, can you escape the top when the big players dump? You can still profit in a bear market.

$MAGIC