$MAGIC /USDT BULLS HOLDING STRONG ā CONSOLIDATION BEFORE NEXT MOVE š
After a sharp rally from 0.1385 to 0.1945, $MAGIC is currently consolidating near 0.1797, showing strong support at 0.1700. Bulls are defending the breakout zone, indicating potential for another upward leg if volume sustains and resistance at 0.1850ā0.1900 breaks.
Trade Setup (Long):
Entry Zone: 0.1760 ā 0.1800
Target 1: 0.1880
Target 2: 0.1945
Stop Loss: 0.1690
Market Outlook:
Momentum remains bullish as price holds above key support. Consolidation suggests healthy accumulation before a possible breakout toward recent highs. Watching resistance closely for confirmation.
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