$MAGIC / USDT - Finding Support After a Sharp Correction? š§āāļø
$MAGIC / USDT is currently trading at 0.1869, down a significant -15.54% today. Looking at the 4-hour chart on Binance, we can see a sharp upward move followed by a substantial correction.
After reaching a high of 0.2266, $MAGIC experienced a strong sell-off, finding a low at 0.1860. The current price is hovering near this low, suggesting a potential area of support.
Key Points:
* Current Price: 0.1869 USDT
* 24h Change: -15.54%
* Recent High: 0.2266 USDT
* Recent Low (Potential Support): 0.1860 USDT
* Experiencing a sharp correction
Traders will be watching to see if this support level holds and if MAGIC can consolidate before a potential rebound. The significant price drop warrants caution, and the 0.20 level could act as initial resistance on any upward move.
What's your take on MAGIC's sharp correction? Is this a buying opportunity or a sign of further weakness? Share your thoughts with caution! š
