$MAGIC Sharp Bullish Reversal! 🚀🔥
$MAGIC is trading at 0.2814 (+4.73%) after a strong bullish breakout from a consolidation range. The aggressive green candle indicates a sudden influx of buyers, reclaiming key levels and signaling potential continuation if momentum sustains.
Key Levels
• Resistance: 0.2850 – 0.2900
• Support: 0.2750 – 0.2680
Trade Setup
• Entry Zone: 0.2760 – 0.2800
• Stop Loss: 0.2680
🎯 TP1: 0.2850
🎯 TP2: 0.2900
🎯 TP3: 0.2970
Market Insight
The strong recovery from 0.2550 lows with high volume suggests a reversal play is in action. If bulls maintain pressure above 0.2750, we could see an attempt toward the 0.3000 psychological resistance in the short term.