$MAGIC The rapid rise sets the stage for more.....
It has just launched a massive vertical rise, up +42.21% in a single 4-hour breakout. The price has jumped through previous resistance areas with strong trading volume, and is now stabilizing near $0.1688. This type of momentum often leads to continuation after a short period of consolidation.
Long Position Setup:
• Entry Area: 0.1670 – 0.1700
• Stop Loss: Below 0.1600
• Target 1: 0.1775 (previous high)
• Target 2: 0.1840
• Target 3: 0.1925
Market Outlook:
MAGIC may have broken out of a long consolidation range and flipped the structure to an upward trend. A slight pullback to the 0.167 area with confirmed support may present an ideal entry opportunity before the next impulsive wave.
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