$MAGIC Flash Rally, Now What?
MAGIC spiked hard to $0.1878 before facing resistance and pulling back. It’s now hovering at $0.1754, testing a key support zone with strong volume still in play. This could either be a cooling-off phase—or the setup for another leg higher.
Key Levels to Watch
• Resistance: $0.1780 – A break above here could lift price to $0.1825 and $0.1870
• Support: $0.1720 – If price loses this level, expect pullbacks toward $0.1690 and $0.1650
Trade Setup
• Long Entry: Above $0.1785
• Target 1: $0.1825
• Target 2: $0.1870
• Short Entry: Below $0.1715
• Target 1: $0.1690
• Target 2: $0.1650
Watch for reaction at support—reclaiming highs may trigger a fast continuation, but rejection could invite heavy selling.