#Magic #PhanTichKyThuat #FutureTrading
Current price: 0.1682 USD (+4.99%)
24h trading volume: 13.14 million USD
Technical trend overview by timeframe
• 15-minute timeframe: Price is below MA7 (0.1687), slight downward pressure, RSI neutral (49-55), MACD positive but low volume and OBV negative, indicating weak money flow. Overall signal: Neutral, needs a clear breakout above MA7 to confirm an uptrend.
• 1-hour timeframe: Price is above MA7 and MA25, RSI overbought (RSI6=67.87), MACD remains positive, volume and OBV are increasing sharply. Signal: Uptrend but may have short-term corrections due to overbought RSI.
• 4-hour timeframe: Price is supported by MA7 but MACD is negative, RSI strongly bought but OBV shows signs of decline. Signal: Warning of adjustment risk, need to closely monitor support MA7.
• Daily timeframe: Price hits resistance MA7 (0.1683), MACD negative and RSI declining, volume is increasing but still below the long-term average. Signal: Medium-term downtrend, needs to break above MA7 to confirm sustainable upward momentum.
Proposed trading strategy
1. Open Long position (success probability ~60%)
• Entry conditions: Price breaks above MA7 on the daily timeframe (0.1683), RSI(12) > 50, MACD turns positive, accompanied by a significant increase in volume.
• Take profit target (TP): 0.1750 (resistance MA99 on the 4-hour timeframe).
• Stop loss (SL): Below MA25 on the 15-minute timeframe (0.1663).
2. Open Short position (success probability ~40%)
• Entry conditions: Price drops below MA25 on the 15-minute timeframe (0.1663), RSI(6) < 45, MACD continues to weaken.
• Take profit target (TP): 0.1622 (MA99 on the 15-minute timeframe).
• Stop loss (SL): Above MA7 on the 15-minute timeframe (0.1687).
Conclusion
MAGIC is currently in a volatile phase with a clear potential for breakout or adjustment in the short term. Investors should wait for confirmation of the breakout above MA7 on the daily timeframe to open Long, or be cautious of breaking below support MA25 for potential Short. Always manage risk closely according to the proposed SL and update the money flow situation (MACD, RSI, OBV) for timely adjustments.
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