Triple Touch Reversal – $MAGIC Gearing Up for Another Push?

$MAGIC/USDT has shown a potential bullish reversal setup on the 5-minute chart. After a strong pump to $0.1866, price retraced but has now formed a triple bottom pattern, marked by three key rejections near $0.1700 (highlighted).

Key Observations:

Strong wick rejection at the top shows selling pressure near $0.186

Buyers are stepping in repeatedly around $0.1700, forming a base

Volume remains healthy; consolidation may precede next move

Possible Long Setup:

• Entry: $0.1710 – $0.1720

• Stop Loss: Below $0.1690

• Target 1: $0.1720

• Target 2: $0.11750

• Breakout Target: $0.1760

Note: Wait for a bullish engulfing candle or volume surge for confirmation.

Buy and Trade Here $MAGIC