Below is a short-term trading strategy advice for tonight (23/5/2025) for the cryptocurrencies MAGIC, INIT, OP, NEAR, and SEI, based on the latest market data:
📊 Market overview
🎯 Short-term trading strategy
1. MAGIC (Treasure)
• Proposal: Open a buy (long) order if the price maintains above $0.175.
• Take profit target: $0.19 – $0.20.
• Stop loss: Below $0.165.
• Assessment: MAGIC is showing signs of recovery after a strong correction. However, with a small market cap and limited trading volume, there is a high risk of price volatility.
2. INIT (Initia)
• Proposal: Open a buy order if the price exceeds $1.18.
• Take profit target: $1.30 – $1.35.
• Stop loss: Below $1.05.
• Assessment: INIT is attracting attention with significantly increased trading volume, indicating substantial inflows. However, further monitoring is needed to confirm a sustainable trend.
3. OP (Optimism)
• Proposal: Open a buy order if the price holds above $0.80.
• Take profit target: $0.88 – $0.90.
• Stop loss: Below $0.76.
• Assessment: OP is experiencing strong upward momentum, reflecting increasing interest in Layer 2 scalability solutions on Ethereum. High trading volume supports the price uptrend.
4. NEAR (NEAR Protocol)
• Proposal: Open a buy order if the price exceeds $3.10.
• Take profit target: $3.30 – $3.50.
• Stop loss: Below $2.85.
• Assessment: NEAR is recovering after a correction phase, with stable increases. However, it needs to surpass the resistance level of $3.50 to confirm a long-term uptrend.
5. SEI (Sei Network)
• Proposal: Open a buy order if the price exceeds $0.245.
• Take profit target: $0.27 – $0.28.
• Stop loss: Below $0.23.
• Assessment: SEI is showing signs of recovery after a strong price drop. However, with the current price still significantly lower than the previous peak, caution is advised when investing.
⚠️ Important notice
• Risk management: Always use stop-loss orders to protect capital.
• Follow the news: Update on economic events and policies that may affect the market.
• Diversify portfolio: Do not put all capital into a single coin.