#MAGIC $MAGIC

This is already the second asset from those reviewed over the past few days that is showing a structural break. While these are not the most liquid assets, it’s worth considering that the market might be preparing for a reversal soon. (This is based on several years of observation and a few cycles — but still worth noting.)

As for this asset specifically, it’s currently undergoing a structural break, but we've now hit a resistance level. If we don’t break through it immediately, a correction to the accumulation zone is likely — which is perfectly normal. If reversal patterns appear on the lower timeframes in that zone, an entry point can be found there. Alternatively, a more reliable option is to look for an entry after the resistance is broken and a daily candle closes above it.