MAGIC surges by 40%! Bull market breakout? Urgent entry strategy helps you seize the opportunity!
Currently, MAGIC is in a strong one-sided upward trend, with a 24-hour increase of 39.27% and moderate volume expansion, market sentiment is FOMO. It is recommended to go long in the short term, entry at 0.1674 (current price), target 0.1848 (Bollinger Band upper resistance), stop loss at 0.157 (below key support), risk-reward ratio 1.67. Risk: RSI overbought (84.4), smart money long-short ratio declining, beware of corrections; if it breaks below the 0.158 support, the strategy becomes invalid. Operation: Position size ≤ 2%, avoid periods of low liquidity.
Technical Analysis
• Price Status: Bollinger Band position 80.03% (upper band 0.1848), overbought signal; MA200 deviation 34.12%, bullish trend strong; holding cost deviation 31.41%, most are profitable.
• Market Strength: 24-hour trading volume ratio 1.09, volume increase confirming main force push; open interest increased by 203.61%, long-short game intensifying; smart money long-short ratio decreased to 1.07, suggesting potential reversal; no major news impact.
• Key Levels: Support 0.158 (large buy orders concentrated), resistance 0.1848; buy-sell pressure ratio 1.81x favoring buy, but near sell orders (20298) slightly exceed buy orders (18146), beware of short-term selling pressure.
Market Cycle Analysis
In the mid-term of a bull market, the trend can be sustained but beware of overbought corrections.
Trading Strategy
• Entry: 0.1674 (aggressive current price entry)
• Stop Loss: 0.157 (break point of support)
• Target: 0.1848 (resistance level)
• Risk-Reward Ratio: 1.67
Risk Warning
• Overbought correction risk (RSI 84.4)
• Strategy invalidation: break below 0.158 or macro event impact
• Operation: Single trade risk ≤ 2%, avoid low liquidity periods during Asian session.
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