✨ $MAGIC /USDT – Strong Bounce, But Will It Sustain or Fade🤔👇
Current Price: $0.1575 – $0.1576
Timeframes: 1H & 4H
Trend Bias: Short-Term Bullish ⚡ | Watch for Confirmation 🔍
🕐 1H Chart Breakdown:📊
✅ $MAGIC Price saw an explosive breakout from $0.145 zone
✅ 20/50 EMA crossover – bullish confirmation
✅ MACD strong crossover above baseline with increasing histogram
✅ RSI: 66.91 – entering overbought zone
⚠️ Price facing rejection near $0.167 (24H high) – mild selling observed
🕓 4H Chart Outlook:📊
📈 $MAGIC Price broke consolidation range after multiple failed attempts
📉 Slight upper wick shows seller presence at highs
📊 RSI: 61.08 – healthy zone, but not overheated
📈 MACD histogram just turning positive – early bull confirmation
📍 Key Levels to Watch:🔑
Immediate Resistance: $0.167 → $0.175
Support Zone: $0.148 → $0.145
Trend Reversal Confirmation: Hold above $0.160 with volume
📊 Trade Strategy ( Bullish Bias):🔥
🔹 Entry Zone (Pullback Buy): $0.148–$0.151
🎯 Target 1: $0.167
🎯 Target 2: $0.175
⛔ Stop Loss: Below $0.142
🧠 “Price is heating up post-breakout, but volume sustenance is key. If it cools toward $0.150, that could offer a golden entry.”
📛 This post is for educational purposes. Do your own research before trading.
