$MAGIC Trading signal
๐ Long Trade Setup โ Bullish Continuation
Entry Zone: 0.2740 โ 0.2780
Stop Loss: 0.2590
Take Profit 1: 0.2842
Take Profit 2: 0.2968
Take Profit 3: 0.3065
Bullish View:
MAGIC is holding above short-term support after pulling back from the 0.3065 high. If buyers maintain control above 0.274, the price could aim for 0.296โ0.306 in the next move. Look for increasing green candle volume as confirmation.
๐ Short Trade Setup โ Bearish Breakdown
Entry Zone: 0.2710 โ 0.2740
Stop Loss: 0.2842
Take Profit 1: 0.2645
Take Profit 2: 0.2591
Take Profit 3: 0.2494
Bearish View:
If 0.274 fails to hold, selling pressure could increase, driving price toward 0.259โ0.249. Watch for a strong close below 0.271 on the 1H chart with rising sell volume before entering shorts.
