$MAGIC ✨ MAGIC/USDT – SPELLBOUND BREAKOUT OR FAKEOUT? ✨
Price: $0.2499 | Pump: +34.72% | Status: Cooling off after 0.3036 high
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Spot Traders:
Ideal Entry Zone: $0.215–$0.230 (200 EMA 1H support & previous consolidation)
Take Profit:
TP1: $0.275
TP2: $0.295–$0.305 (recent high test)
Stop Loss: $0.205
Bias: Bullish retracement — potential for another leg if BTC holds.
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Futures Traders (5x Max Recommended):
Long Entry: $0.217–$0.225 (buy dip to reclaim trend)
Short Entry: $0.295–$0.305 (scalp fade if rejection confirmed)
SL for Longs: $0.205 | SL for Shorts: $0.315
Note:
RSI ~52 = Neutral, MACD flat → Wait for direction confirmation
Avoid entering mid-zone (0.245–0.265) — indecision = chop risk
Volume fading slightly = Possible consolidation or trap breakout
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Quick Spell Summary:
Don’t chase after candle magic — let it pull back.
Magic happens in the dip… not in the hype.
Set SL like a wizard’s shield — protection first.