$MAGIC /USDT

📊 MAGIC/USDT Analysis

🔹 Market Snapshot

Current Price: $0.1344

24h High: $0.1354

24h Low: $0.1119

Volume: 36.56M MAGIC / $4.66M USDT

Exchange: Binance

📉 Key Technical Levels

LevelTypeNotes$0.1080–$0.1119Strong SupportPrevious base, 24h low$0.1154–$0.1229Demand ZoneConsolidation zone before breakout$0.1303–$0.1344Current AreaTesting breakout zone – watch for retest$0.1378–$0.1435Minor ResistanceShort-term targets if momentum continues$0.1452+Extended TargetBull run continuation if volume spikes again

✅ Bullish Setup (Long Trade)

Scenario 1: Pullback Buy

Entry Zone: $0.1220–$0.1260

Stop-Loss: $0.1140

Take Profits:

TP1: $0.1340 (retest)

TP2: $0.1378

TP3: $0.1435

🔁 Ideal if price retraces after overextension, and bounces off previous breakout zone with strong 15m/1H confirmation.

Scenario 2: Breakout Buy

Entry: 1H or 4H close above $0.1355 with volume spike

Stop-Loss: $0.1300

Take Profits:

TP1: $0.1378

TP2: $0.1435

TP3: $0.1452+

🔍 Confirm with RSI <75 and strong bull candle; avoid chasing if RSI is >80 with declining volume.

❌ Bearish Rejection Setup (Short Trade)

Entry: $0.1430–$0.1450 (if rejection wicks appear, RSI >75)

Stop-Loss: $0.1465

Targets:

TP1: $0.1340

TP2: $0.1260

📊 Indicators to Monitor

RSI: Likely high — watch for >75 = overbought = pullback probable

Volume: Must support any breakout above $0.1354

MACD (1H/4H): Stay long if bullish crossover continues

🔔 Trade Summary

ParameterValueTrend BiasBullish, short-term breakoutPullback Entry$0.1220–$0.1260Breakout EntryAbove $0.1355 (confirmed candle)Targets$0.1378 / $0.1435 / $0.1452Stop-Loss$0.1140 (pullback), $0.1300 (breakout)Invalid Below$0.1110

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