Brothers, wake up! Don't sleep! MAGIC made a surprise attack in the early morning, a big bullish candle shot straight up; why so fierce?
Binance suddenly announced the launch of MAGIC/USDT perpetual contracts in the early morning! Major exchanges opening contracts is real gold and silver good news; liquidity will explode, and it's easier for big funds to enter the market! This news is the fuse for that early morning 'sprouting out of dry land'!
But! Old investors all understand that when good news lands, it often comes with huge shocks! Is it really taking off or a 'fake breakout' to cut the leeks? The key is whether it can hold steady at 0.2000 today! Just a step away from breaking through.
What does this indicate? The surge in the early morning is more about the 'news party' and 'FOMO sentiment' pushing it; the major forces haven't fully exerted their strength yet!
Want to seize opportunities without being cut? Three tricks to help you master today's MAGIC:
[Position Ambush Method]: Don't chase high prices! Focus on key support levels! 0.1880 and 0.1700 are the 'iron bottom' below. If the price pulls back and stabilizes here, boldly accumulate in batches! This is the opportunity to pick up cheap chips! Remember, a good position is more important than anything else!
[Volume Verification Method]: Want to break through 0.2000? Just shouting slogans is useless! You must look at the trading volume! If it attacks 0.2000 again today, the trading volume must significantly increase, at least exceeding 26.95 million USD, preferably hitting over 30 million! No volume surge? It's highly likely a trap to lure in buyers, so don't get too excited! Only after a volume breakthrough and stability can we call it a real trend!
[Divergence Escape Method]: Keep a close eye on MACD! Right now, it's still a small red bar, and the bulls are in the lead. But! If the price makes a new high (like breaking 0.2000 or even touching 0.2200), while the MACD red bar is shorter or lower than that early morning surge (or even turns green)! This is textbook 'top divergence'! Once the signal appears, regardless of how much profit you've made, reduce your position or exit! It's not embarrassing to protect your profits!
Personal opinion: Binance opens contracts, which is absolutely good news for MAGIC in the medium to long term! But short term? That sudden surge in the early morning may have already exhausted some gains. Today, 0.2000 is the 'Mount Tianwang', and there will definitely be a fierce battle between bulls and bears! I tend to think it will shake before choosing a direction, with the daytime possibly hovering around 0.1880, while the real showdown will be in the European and American sessions!
Does the main force really want to 'make a big push' to overturn 0.2000, aiming for 0.22? Or do they want to play a 'false breakout and real selling', then smash back to 0.18 to wash out? Pay attention in the afternoon! The attitudes of the Europeans and Americans will decide whether today ends in a bullish or bearish candle!
Want to accurately time the bottom and top? Want to know the main force's movements as soon as possible?
Follow me! Tonight at 8 PM, I will release (MAGIC Key Night: Practical Strategy for Breaking 0.2000) exclusive analysis in the village! Not only will I tell you the direction, but I will also teach you step-by-step how to set breakout orders, how to place stop-loss and take-profit orders, and how to operate at key levels! All hardcore content, no fluff!
Hit follow to avoid getting lost! Is it a big surge or a fake breakout? Tonight, let's watch the market together and feast together!
