$MAGIC MAGIC/USDT
🔍 Brief Analysis
Current Price: 0.1537 USDT
Previous Highest Price: 0.3036 USDT
Correction touched: 0.0581 USDT
Currently experiencing a sharp rebound, volume is increasing.
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🟢 Ideal Buy Zone (Demand Zone / Support Area)
To buy with low risk and high potential reward, it's best to wait for the price to re-enter the demand zone:
✅ Potential Buy Zone:
0.1095 – 0.1350 USDT
This zone previously served as an accumulation area before the price surge.
There has been noticeable consolidation and sideways movement for quite a while in this range.
Suitable for entry during corrections (buy the dip).
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⚠️ Avoid Entry:
Above 0.19 USDT: Approaching the resistance or supply zone (potential distribution / profit-taking).
When green candles are too high without correction (like now): Risky to buy at the peak.
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📌 Recommended Strategy:
1. Wait for a correction to 0.11 – 0.135, place a limit order.
2. Use DCA (Dollar Cost Averaging) if you want to buy in installments in the range of 0.11–0.14.
3. Gradual take profit targets:
TP1: 0.194 USDT
TP2: 0.212 – 0.263 USDT
TP3: 0.30+ USDT (upper supply zone)
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