📍#MAGIC Technical Analysis(2025/07/09 Evening)
MAGIC delivered a massive breakout from $0.12 to $0.20+ today! Look to buy dips into key support zones.
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#MAGIC 【1h】
Trend: Small Bull
Summary: After a heavy-volume rally, price is testing VWAP (0.1938) and BB mid (0.1792). Holding VWAP sets the stage for continuation; failure points to 0.179 support.
🔹 Longs:
🛑 SL: 0.185
🟢 Add: 0.1938 (VWAP, hit), 0.1792 (BB mid)
🚀 Entry on break: 0.210
🎯 Targets: 0.225, 0.245, 0.265
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#MAGIC #MAGIC rend: Medium Bull
Summary: 4H has broken above EMA21 (0.1728) & EMA50 (0.1506), riding the upper BB. Look to add on dips to 0.178–0.1728.
🔹 Longs:
🛑 SL: 0.165
🟢 Add: 0.178 (EMA8), 0.1728 (EMA21, not hit)
🚀 Entry on break: 0.206 (prior high/BB top)
🎯 Targets: 0.225, 0.245, 0.265
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#MAGIC 【12h】
#MAGIC Strong Bull
Summary: A huge 12H candle cleared the downtrend line & EMA200, momentum is robust but RSI >75 warns of a pullback to 0.165–0.170 trendline support.
🔹 Longs:
🛑 SL: 0.150
🟢 Add: 0.175 (EMA21), 0.165 (trendline)
🚀 Entry on break: 0.230 (all-time high)
🎯 Targets: 0.260, 0.300, 0.350
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【Strategy Summary】
Recommendations:
1. On 1H VWAP hold at 0.1938, enter small long, SL 0.185, TP at 0.225/0.245.
2. Scale in on 4H dip to 0.178–0.1728, SL 0.165, target 0.225+.
3. Consider larger-term add at 12H support 0.175, SL 0.150, aiming 0.260.
4. If 4H or 1H breaks below 0.165, exit and reassess.
5. Keep risk per trade <2%, adjust SL/TP dynamically.
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