Trading Signal Alert: $MAGIC /USDT

The cryptocurrency pair MAGIC/USDT has shown strong bullish momentum, surging by 26.51% in the last 24 hours. Currently trading at $0.7186, MAGIC has tested a 24-hour high of $0.7249 and a low of $0.5553, reflecting significant volatility and potential trading opportunities.

Key Levels:

Support: $0.6603, $0.5789

Resistance: $0.7249, $0.7416

Signal Overview:

Entry Range: $0.7000 - $0.7200

Take-Profit Targets:

1. $0.7500

2. $0.7800

3. $0.8000

Stop-Loss: $0.6600

RSI Insight:

The RSI is currently at 83.68, indicating that MAGIC is in overbought territory. Traders should watch for a potential correction or consolidation before entering long positions.

Caution:

This coin shows high volatility; monitor price action around the $0.7200 resistance for potential breakout or rejection signals. Tight risk management is advised.

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