Here is a technical snapshot and analysis for $MAGIC
/TRY:
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๐ MAGIC/TRY Market Overview
Current Price: 8.90 TRY
โ $0.1848
24h Change: +8.66% โ (Strong bullish move)
24h High: 8.90
24h Low: 6.75
24h Volume:
MAGIC: 114.82M
TRY: 919.39M
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๐ Order Book Depth & Key Levels
๐ผ Resistance Levels ๐ฝ Support Levels
9.11 (next test) 8.21
8.90 (current top) 7.39
6.42
5.52, 4.83
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๐ Moving Averages
MA(5): 867.4K
MA(10): 1.41M
Current Vol: 785K
๐ Volume is slightly below short-term MA, well below long-term MA โ caution for continuation.
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โ๏ธ Technical Insights
โ 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.
โ ๏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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๐ Strategy Suggestions
Scenario Outlook Suggested Action
โ Break above 9.11 Bullish breakout Consider momentum buy
โ Rejection at 9.11, dips below 8.21 Pullback likely Wait for support confirmation
๐ Sideways between 8.2โ8.9 Consolidation Range-trade (buy low/sell high)
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๐ 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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