$MAGIC USDT BULLISH MOMENTUM – MAGIC HOLDS GAINS AFTER STRONG SURGE

MAGIC has shown a powerful rally on the 1h chart, surging over 20% with strong buying volume. Currently trading at $0.2031, it is consolidating below its 24h high of $0.2230, suggesting a potential continuation if momentum holds.

🔑 Key Levels:

Resistance: $0.2100 (minor resistance), $0.2230 (24h high and major barrier)

Support: $0.2000 (immediate support), $0.1880 (key structural support)

Current Price: $0.2031

📈 Trade Setup:

Long Entry: $0.2000 – $0.2030

Take Profits:

➔ TP1: $0.2100

➔ TP2: $0.2180

➔ TP3: $0.2230

Stop Loss: $0.1930 (below structural support to protect against sudden reversals)

💡 Short Market Outlook:

MAGIC remains bullish above $0.2000 with strong market momentum targeting $0.2100 and $0.2180. A breakout above $0.2230 could fuel further rally towards $0.2300 levels. However, a breakdown below $0.1930 may trigger a deeper correction towards $0.1880 support zone.

⚠️ Risk Management:

Risk only 1-2% per trade, place stop-loss levels firmly, and avoid entering trades after large impulsive candles to ensure disciplined execution and capital preservation.

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buy and trade here on $MAGIC