🔥 MAGIC/USDT Trade Idea – Tight Coil Before the Storm? 🚨
Price is compressing near key support, and Bollinger Bands are squeezing! A move is coming. Let's break it down 👇🧵
#Crypto #MAGICUSDT #Altcoins #TradingView #Beginnersguide
Technical Snapshot 🧠
🟢 Support:
• Strong: $0.2050
• Medium: $0.2080
🔴 Resistance:
• Medium: $0.2108
• Strong: $0.2150
MACD: Bearish ☝
RSI: Near oversold 👀
Potential Entry & Targets 🎯
📥 Entry Point: $0.2060
🎯 Target 1: $0.2080
🎯 Target 2: $0.2108
🎯 Target 3: $0.2150
Stop-loss: $0.2045 🚫
Risk:Reward ~ 1:2.5+
Strategy Tip 🧪
🔹 Scalp traders: Bounce play likely from $0.205x
🔹 Swing traders: Safer play above $0.2108
📉 Below $0.2045 = invalidation
Chart Signals 🧾
📉 15m: Downtrend cooldown
📈 1H: Consolidating, BB squeeze = volatility coming
Volume low = watch for breakout confirmation!
⚠️ DISCLAIMER
Not financial advice. DYOR before trading. Use stop-losses & position sizing. The market doesn't care about hope – manage your risk. 🙏
Trade Here $MAGIC