$MAGIC /BTC 4H Trade Setup
🔍 Market Insight:
$MAGIC /BTC has surged +49%, with price now testing a local resistance at 0.00000235 BTC. Volume (300K) is sharply above both MA(5) and MA(10), suggesting strong money flow. However, price is nearing exhaustion zones.
📥 Entry Zone:
0.00000219 – 0.00000231 BTC
A healthy pullback into this zone could provide an optimal entry near recent breakout levels.
🎯 Targets:
Target 1: 0.00000240 BTC
Target 2: 0.00000265 BTC
Target 3: 0.00000287 BTC
🛑 Stop Loss:
0.00000199 BTC
Placed just below the previous demand zone and psychological level to avoid fakeouts.
📊 Key Levels:
Resistance: 0.00000235 / 0.00000240
Support: 0.00000219 / 0.00000199
Pivot: 0.00000210 BTC
💡 Pro Tip:
This pair is highly volatile with low BTC-volume dominance. Monitor Bitcoin’s own trend; BTC weakness could accelerate MAGIC/BTC upside. For entries, wait for a wick-down rejection from the 0.00000220–0.00000225 zone before entering with tighter risk.
#BinanceHODLerTOWNS #BTCReserveStrategy #MarketRebound #ProjectCrypto #FedGovernorVacancy