$MAGIC /USDT Trade Analysis and Trading Strategy 🔐🔑👇
Current Price: 0.2269 USDT
Formed Candle & Chart Pattern Analysis:📊
1H Timeframe: ⌛
Strong breakout observed after BOS (Break of Structure) confirmations. Price surged above recent consolidation zone, retesting minor resistances.
1D Timeframe:⌛
Price is stabilizing after a strong rally. Major resistance zone near 0.2987 USDT is intact above. Price is trading above 50EMA and 100EMA, showing strength.
Trend Signal:📉
Short-Term: Bullish🔥
Mid-Term: Bullish with potential resistance approaching at higher zones.
RSI Indicator: On 1D and 1H, RSI is neutral to slightly bullish (~23-50 levels), indicating there’s still room for further movement before overbought conditions.
Why Bullish🤔🔥👇
Clear BOS (Break of Structure) on both 1H and Daily timeframe.
Successfully holding above previous resistance turned support zones.
Momentum recovery visible after minor pullbacks.
Trading Strategy Plan:🧑💻
Entry Zone: 0.2170–0.2180 USDT (current breakout retest area)✅
Target 1: 0.2450 USDT🎯
Target 2: 0.2600 USDT🎯
Target 3: 0.2980 USDT 🎯
Stop Loss: Close below 0.2140 USDT☣️ (previous minor support)
Risk Management Tip:👨🏫
Position sizing = 1-2% risk per trade.
Trail stop once price crosses 0.2450 USDT to secure profits.
Key Takeaways:🧑🏫
Price is attempting a continuation after a breakout from a long consolidation range.
Break and hold above 0.2450 USDT would be a confirmation for a strong upside rally.
Aggressive traders can scale in near 0.2240–0.2270; conservative traders can wait for breakout above 0.2450 for safer confirmation.
👨❤️👨"Success in trading is not about being right all the time; it’s about managing risks when you are wrong and letting profits run when you are right."
Disclaimer:⚠️
This is a technical analysis based study, not financial advice. Please do your own research before investing.