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📌 MAGIC – Strong upward momentum, could $0.20 be the next resistance level?
Current price: $0.1707 | 24h: +2.74% | 24h Volume: $21.6M
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🔍 Summary of multi-timeframe technical trends
Analysis of the M15 – H1 – H4 – D1 timeframes indicates: a short-term uptrend is forming on H1 and H4, however, the D1 timeframe is still in an accumulation phase.
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🎯 Short-term trading strategy
Long Order: Entry $0.168 | TP $0.185 | SL $0.160 | Probability 70%
Short Order: Entry $0.185 | TP $0.168 | SL $0.190 | Probability 40%
(Not recommending Short as the D1 timeframe is showing strong support, high risk)
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⚠️ Quick note
Futures trading can yield high profits but comes with significant risks. Capital management is essential.
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✅ Conclusion
Don't miss the opportunity! Click on the MAGIC chart below to view details and trade directly on Binance.