๐ฎ $MAGIC at a Crossroad โ Breakout or Breakdown? ๐โ ๏ธ
Something big might be coming for $MAGIC.
A Bearish Engulfing candle has appeared on the 1-day chart โ a classic warning of a possible trend reversal.
But hereโs the twist:
RSI is still strong at ~66
MACD and Moving Averages support a bullish trend
If momentum continues, we could see a push towards $0.20 โ $0.21 resistance.
But a daily close below $0.179 could break this setup and turn the trend bearish.
Not financial advice. Do your own research before investing.