$MAGIC /USDT Perp 4H Trade Setup

Market Insight:

$MAGIC is showing strong bullish momentum with a +29.02% gain in the last 24h and high volume (1.42B MAGIC and 378.61M USDT), indicating strong market interest and potential continuation of the uptrend. Price recently bounced from 0.2146 support and is now near 0.2850 resistance.

Entry Zone:

Buy zone: $0.2750 - $0.2850

(The current price is around $0.2850, so a slight dip into this range could be an ideal entry.)

Targets:

$0.2985 (near recent swing highs)

$0.3150 (psychological resistance and recent 24h high area)

$0.3210 (extended target near all-time highs)

Stop Loss:

Below $0.2500 (below recent support and moving averages for risk management)

Key Levels:

Support: $0.2146 (24h low), $0.2318, $0.2540

Resistance: $0.2850 (current mark price), $0.2985, $0.3158

Moving Averages: MA(5) ~217M volume, MA(10) ~116M volume (volume confirms momentum)

Pro Tip:

Look for a healthy retracement back into the entry zone with supportive volume before entering to reduce risk of a false breakout. Confirm with 4H candle close above $0.2850 for confirmation of bullish continuation.

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