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📊 1. Context and market analysis
Current price: ≈ $0.1567, with daily movement between $0.118 and $0.157.
Market capitalization: around $37–43M according to different sources.
Daily volume: between $8–$47M, indicating good liquidity.
Circulating supply: ~307M out of 347M total.
Use cases: currency of the Treasure ecosystem (NFT games, staking, DAO), on Arbitrum.
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🧭 2. Goals and horizon
Short-term scalping: capturing intraday fluctuations (~5–10%), taking quick profits.
Intermediate trading: swing trading taking advantage of pullbacks (Fib) between $0.140–0.180.
Long-term investment: if you believe in the adoption of Treasure, you can accumulate at support levels.
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🧱 3. Key levels to watch
Support: ~$0.12–0.14 (intraday and weekly lows).
Resistance: ~$0.16–0.18 (daily highs and psychological).
Initial stop loss: –5% below the entry point.
Taking profit: +5–10% on short targets, +20–30% on intermediate levels.
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🔧 4. Indicators and technical tools
Moving averages (MA 20 and 50): to follow the trend.
RSI: overbought (>70) or oversold (<30).
Volume: confirm breakouts.
Fibonacci retracements on the last swing (e.g., from $0.12 to $0.156).
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🛠️ 5. Step-by-step strategy
1. Identify entry:
Buy on rebound towards support (~$0.14) or after breaking resistance with volume.
2. Positioning:
Minimum risk-reward 1:2.
Peak of 1–2% per short trade, 10–20% per intermediate trade.
3. Active management:
Corroborate with RSI or reversal candles (pin bars).
Move stop to breakeven upon reaching +3–5% profit.
4. Exit or secure profits:
Close in stages: half at +5%, the rest at +10–15%.
Do not be greedy—stick to the plan.
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🧾 6. Risk management
Do not risk more than 1–2% of your capital per trade.
Use fixed stop-loss orders.
Diversify: not all your portfolio in MAGIC.
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🌐 7. External factors to monitor
News: integrations in new games of the Treasure ecosystem.
Arbitrum movements: volatility may impact MAGIC.
DAO announcements: tokenomic changes or issuance.
General crypto market: BTC, ETH may drag the rest.
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✅ 8. Final summary
Step Action
1 Establish your horizon (short/intermediate/long)
2 Define entry levels (support or breakout)
3 Set stop-loss and take-profit
4 Enter and manage the position actively
5 Close with discipline according to goals
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🔍 Additional recommendations
Useful tools: TradingView, DexScreener (to see depth), wallets like MetaMask and Ledger/Trezor on Arbitrum.
Trade log: note results to improve the plan.
Emotional discipline: vital to maintain coolness when trading.
#Spot #trading #StrategicTrading #MAGIC $MAGIC
