$MAGIC #magicusdt
📌 Analysis + Trade
📊 Analysis of MAGIC/USDT Pair
🚀 Current Price: 0.1793 USDT
🔺 Daily Change: +25.12%
📌 Trade Details:
- Trading Pair: MAGIC/USDT
- Upon Breakout: 0.1750 USDT
- Targets:
🎯 Target 1: 0.1850 USDT
🎯 Target 2: 0.1900 USDT
🎯 Target 3: 0.2000 USDT
🎯 Target 4: 0.2100 USDT
- Stop Loss: 0.1600 USDT
🔎 Technical Analysis:
1. Overall Trend:
- The price shows strong buying pressure, indicating a continuation of the upward trend.
2. Key Levels:
- Support Level: 0.1431 USDT.
- Resistance Level: 0.2049 USDT.
3. Technical Indicators:
- RSI: at 76.16, indicating an overbought area.
- MACD: shows a bullish crossover, reinforcing the current upward trend.
Market Outlook:
- Positive: If the price stabilizes above the support level of 0.1600 USDT.
- Negative: Breaking the support may lead to further decline.