🟢 $MAGIC USDT – Breakout in Progress 🟢
📈 Price: $0.1708 | +16.99%
⏱️ Timeframe: 15m
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🔍 Technical Overview:
🚀 Explosive move from $0.1403 to $0.1736
💹 RSI(6) = 97.42 → Extremely overbought
Strong bullish momentum with tight consolidation near the highs
AVL = $0.1706, aligning closely with current price → market acceptance
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🟩 Entry Strategy:
Not ideal for fresh entries unless we break $0.1736 with volume
Safer to wait for a pullback to the $0.1650–$0.1670 support zone
Aggressive traders can scalp but use tight SL
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🎯 Targets:
T1: $0.1753 – Extension above current high
T2: $0.1790 – Psychological resistance + fib level
T3: $0.1830 – Blowoff top scenario if momentum continues
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🛑 Stop-Loss:
Conservative SL: $0.1655 (below base of breakout)
Aggressive SL: $0.1685 (tight trailing stop)
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⚠️ Risk Considerations:
RSI near maximum levels, pullback likely
Best suited for scalping or trailing positions
Monitor volume closely—drop in volume could signal a cool-down
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🧠 Summary:
$MAGICUSDT is in power rally mode, but entering now is high risk due to RSI being at 97+.
Only ride this if you’re already in—or re-enter on confirmed breakout above $0.1736.
Otherwise, wait for dip to $0.1650 zone for safer entry.
