$MAGIC
- Buy Signal (1-Hour Chart)
Current Price: 0.2331
24-Hour Change: +42.13% with a significant increase in trading volume
Highest Price in 24 Hours: 0.2400
Lowest Price in 24 Hours: 0.1633
Trend: Strong bullish momentum with equivalent movement
Trading Setup: Buy
Entry Zone: 0.2290 - 0.2330 (Wait for a slight pullback)
Stop Loss: 0.2200 (below the consolidation level and last psychological level)
Target Points:
TP1: 0.2400
TP2: 0.2480
TP3: 0.2560
Analysis:
The price of $MAGIC has increased by more than 42% in the last 24 hours with extremely high trading volume, indicating institutional interest or significant activity from retail traders. After reaching the level of 0.2400, the asset shows signs of slight stabilization. A successful retest of the 0.2300-0.2330 area may provide an excellent entry opportunity for long-term investment to continue the trend towards the 0.25+ level. Risk management is crucial given the recent volatility.