🎩 $MAGIC /USDT – Vertical Rally, but Is It Spellbound or Exhausting?

💰 Current Price: $0.1515 (+26.25%)

📊 24h Range: $0.1176 – $0.1526

🔵 MA(20): ~$0.1232

📈 Volume: Massive surge confirms impulsive breakout

📉 Chart Overview:

• Price exploded vertically from ~$0.1176 to $0.1526 in just a few candles.

• The candle wick suggests early rejection or sellers stepping in.

• Still trading above the 20MA with strong bullish structure — but extended from mean.

• Order flow: 56% bullish, though cooling down from peak aggression.

🔥 Momentum Snapshot:

• Volume: Huge spike (~114M) – clear breakout confirmation

• RSI (implied): Likely entering overbought zone

• Volatility: Elevated — caution for potential retracement or trap

🔍 Key Price Levels:

• Resistance: $0.1526 (24h high), $0.1580

• Support: $0.1460 / $0.1390 / $0.1310

💡 Opinion – Setup Suggestion

📈 Long Setup (on healthy retest/consolidation):

• Entry: $0.1470–0.1490 (wait for retest confirmation or bullish flag)

• Stop Loss: $0.1390

• TP1: $0.1526 (retest high)

• TP2: $0.1580

• TP3: $0.1650

Consider partial entries and tight trailing stop. Avoid chasing green candles blindly — confirmation is key.

⚠️ DYOR – The candle is powerful, but vertical surges often come with sharp pullbacks. Wait for a base to form above $0.146 before entering.

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