$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