Here is a technical snapshot and analysis for $MAGIC

/TRY:

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๐Ÿ“Š MAGIC/TRY Market Overview

Current Price: 8.90 TRY

โ‰ˆ $0.1848

24h Change: +8.66% โœ… (Strong bullish move)

24h High: 8.90

24h Low: 6.75

24h Volume:

MAGIC: 114.82M

TRY: 919.39M

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๐Ÿ“ˆ Order Book Depth & Key Levels

๐Ÿ”ผ Resistance Levels ๐Ÿ”ฝ Support Levels

9.11 (next test) 8.21

8.90 (current top) 7.39

6.42

5.52, 4.83

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๐Ÿ“‰ Moving Averages

MA(5): 867.4K

MA(10): 1.41M

Current Vol: 785K

๐Ÿ“‰ Volume is slightly below short-term MA, well below long-term MA โ†’ caution for continuation.

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โš™๏ธ Technical Insights

โœ… Bullish Momentum:

Price reached 24h high at 8.90, testing resistance zone.

+8.66% gain suggests strong buyer interest, possibly on news or sentiment shift.

โš ๏ธ Caution Points:

Lower volume vs average may indicate exhaustion or temporary peak.

If it fails to break above 9.11, price may pull back to test 8.21 or 7.39.

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๐Ÿ“Œ Strategy Suggestions

Scenario Outlook Suggested Action

โœ… Break above 9.11 Bullish breakout Consider momentum buy

โŒ Rejection at 9.11, dips below 8.21 Pullback likely Wait for support confirmation

๐ŸŸ  Sideways between 8.2โ€“8.9 Consolidation Range-trade (buy low/sell high)

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๐Ÿ“ Summary

Bias: Cautiously Bullish

Resistance: 9.11, 9.50+

Support: 8.21, 7.39

Volume: Needs to increase for breakout to sustain.

Would you like a short-term trade setup (e.g., 15m/1h) or swing position recommendation?

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