$MAGIC /USDT – LONG TRADE SETUP | STRONG BOUNCE FROM SUPPORT ZONE 💯 🔥
Current Price: 0.2584
Market View: After a sharp dip, MAGIC is showing signs of reversal from the 0.2400 zone. Price is forming a potential bullish engulfing pattern with rising volume.
ENTRY ZONE:
Buy between 0.2550 – 0.2600 on confirmation of trend continuation.
STOP LOSS:
Set stop loss below 0.2440 to protect against false breakouts.
TAKE PROFIT TARGETS:
• TP1: 0.2720
• TP2: 0.2840
• TP3: 0.2960
TRADE INSIGHT:
MAGIC rebounded strongly after hitting the 0.2400 demand zone. Buyers are stepping in and pushing price back up. If the bullish momentum continues above 0.2600, the setup offers a favorable risk-reward ratio. Wait for candle close above entry zone for confirmation.