๐จ $MAGIC /USDT โ Breakout in Play or Just Hype? ๐งโโ๏ธโจ
$MAGIC surged over 13%, hitting $0.1581 as bulls gain control. With RSI entering overbought territory and strong gaming token momentumโcan MAGIC push higher or is a cooldown coming?
๐ Market Overview
๐ Current Price: $0.1581
๐ 24h High: $0.1670
โ๏ธ 24h Low: $0.1368
๐ Parabolic SAR: ~$0.1391 (uptrend confirmed)
๐ MACD Momentum:
DIF: Strongly bullish
DEA: Crossing up
MACD Histogram: Positive โ Momentum favoring buyers
๐ RSI (6): 73.14 (Overboughtโwatch for short-term reversal or continuation breakout)
๐ Moving Averages (Trend Watch):
MA(7): 0.1521
MA(25): 0.1440
MA(99): 0.1487
๐ MAGIC Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If MAGIC Holds Above $0.1500):
Entry: Above $0.1600
Targets: $0.1698, $0.1817, $0.1943
Stop-Loss: $0.1450
๐น Bearish Scenario (If MAGIC Breaks Below $0.1450):
Entry: Below $0.1450
Targets: $0.1360, $0.1238, $0.1084
Stop-Loss: $0.1600
๐ Should You Hold or Exit?
โ Strong MACD and bullish MA structure
โ Holding above $0.1500 = Key for momentum continuation
โ ๏ธ RSI > 70 = Potential short-term exhaustion
๐ก Pro Tip:
Watch for a retest of $0.1600 on lower timeframesโif bulls defend it with volume, this breakout could accelerate toward $0.19+.
๐ข MAGIC holdersโare you riding the wave or taking profits here? Letโs chat in the comments!
๐ฅ LIKE & SHARE for top-tier crypto trading setups! ๐
