$MAGIC /USDT – Tight Consolidation, Breakout Imminent? 🟢🚨

Current Price: $0.2451

24h High: $0.2602

24h Low: $0.2349

24h Volume: 127.38M MAGIC / 31.56M USDT

Market Overview:

$MAGIC is currently in a phase of range compression after a modest bounce from the $0.2349 low. Price is hovering around $0.2450, with narrowing volatility and declining volume — classic signs that a breakout may be approaching. Bulls and bears are in a standoff, and a decisive move could come soon.

🔑 Key Levels:

Support Zone: $0.2380 – $0.2340

Resistance Zone: $0.2520 – $0.2600

📈 Trade Setup (Long Idea):

Entry: $0.2440 – $0.2470

Stop Loss: Below $0.2380

🎯 TP1: $0.2520

🎯 TP2: $0.2600

🎯 TP3: $0.2690 (if breakout confirms)

$MAGIC

📌 Pro Tip:

Remain cautious until clear confirmation. Wait for a strong candle close above $0.2520 with volume before scaling in heavily. Until then, range trading between key levels may dominate.

🟢 Long Trade Idea 🟢 – Monitor closely for breakout confirmation.

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