📊 $MAGIC /USDT – Trade Analysis & Setup
MAGIC is trading at $0.2536 (+3.98%) after bouncing from the $0.2388 low, showing early bullish momentum but still under the key $0.2575–$0.2614 resistance zone.
Technical Outlook:
Resistance Levels: $0.2575 → $0.2614 → Breakout could lead to $0.2753, then $0.2892, and $0.3000.
Support Levels: $0.2475 → $0.2388 → Below this could retest $0.2335.
Trend: Short-term recovery; needs a clean breakout for sustained upside.
Trade Plans:
LONG Setup:
Entry: Above $0.2614 with strong volume
Targets: $0.2753 → $0.2892 → $0.3000
Stop Loss: $0.2475
SHORT Setup:
Entry: Below $0.2475
Targets: $0.2388 → $0.2335
Stop Loss: $0.2536
⚡ Watch price action around $0.2614 — strong rejection could pull price back, while a breakout could trigger a run to $0.30.
