✨ $MAGIC /USDT – Bullish Breakout Setup in Play!
Current Price: $0.2813
Position Size: $1.5016K
$MAGIC is showing signs of life after a prolonged consolidation.
With buyers stepping in near the $0.27 support and volume steadily rising, price is now pressing against the upper boundary of its recent range — setting the stage for a potential breakout.
📍 Key Technical Levels:
• Breakout Zone: $0.2865 – $0.2910
• Resistance Above: $0.3025
• Support Levels: $0.2710 (minor), $0.2580 (major)
📈 Trade Setup (Long Bias):
✅ Entry Zone: $0.2865 – $0.2910 (only enter on a confirmed breakout — strong candle close with rising volume)
🎯 Target Levels:
• TP1: $0.3025
• TP2: $0.3170
• TP3: $0.3330
🛡 Stop Loss: $0.2580 – below recent swing low and structural support
📊 Market Sentiment:
The market is showing early bullish reversal signals across several altcoins, and $MAGIC is no exception.
Price structure is shifting upward with higher lows, and a breakout above $0.2910 could trigger fast upside driven by technical traders and momentum chasers.
💡 Pro Tip:
Use the 15M or 30M timeframe for confirmation. Look for expanding volume and RSI above 60 before entry. Keep a trailing stop after TP1 to lock in gains if momentum continues.