• Current price: $0.1776
• 24h volatility: -7.62%
• Daily high/low: $0.2087 / $0.1776
• 24h trading volume: $57.94 million
• Market capitalization: $61.26 million
• Circulating supply: 329.77 million MAGIC
📊 Multi-timeframe analysis
⏱ 1-hour timeframe (H1)
• Trend: The price is in a short-term downtrend, with lower highs and lower lows.
• RSI (14) indicator: Near the oversold area, indicating potential short-term upward correction.
• MACD: The MACD line crosses below the signal line, sell signal.
🕒 4-hour timeframe (H4)
• Trend: The price is approaching a strong support area around $0.1750.
• RSI (14) indicator: Near the neutral area, not giving a clear signal.
• MACD: The MACD line crosses above the signal line, light buy signal.
📅 Daily timeframe (D1)
• Trend: The price is in a long-term uptrend, with higher highs and higher lows.
• RSI (14) indicator: Near the neutral area, not giving a clear signal.
• MACD: The MACD line crosses above the signal line, strong buy signal.
🎯 24h Futures strategy
Proposed position: Two-way
• Long scenario:
• Entry: $0.1750
• TP: $0.1900
• SL: $0.1650
• Win probability: 65% if MAGIC bounces from the support area of $0.1750 with high volume
• Short scenario:
• Entry: $0.1900
• TP: $0.1750
• SL: $0.1950
• Win probability: 60% if MAGIC does not break the resistance at $0.1900 and turns down
🔗 Trade MAGICUSDT futures contracts on Binance
Trade now: Trade Magic now