✨ $MAGIC / USDT — Breakout or Bull Trap? The Spell Has Been Cast… 🧙📈
After weeks of sideways slumber, $MAGIC has awakened — blasting +35% in under 24 hours, cutting through resistance like a hot wand through butter. But is this a true breakout... or just another illusion?
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🧪 Key Observations:
🔥 +35% Pump: Momentum ignited, touching $0.20 before a sharp pullback to $0.1861
Triple MA Reclaim:
MA 7: $0.1745 ✅
MA 25: $0.1558 ✅
MA 99: $0.1650 ✅
Wick Rejection at $0.20: Suggests early profit-taking or whale resistance
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🎯 Bullish Targets (If Momentum Holds):
$0.20 – Needs a clean reclaim + retest
$0.2150 – Previous local top
$0.2300 – Blue sky potential
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🧯 Bearish Risks (If the Spell Fizzles):
Lose $0.1650 (MA99)? Trend shifts bearish ⚠️
Demand Zones Below:
$0.1480
$0.1380
Bull Trap Scenario: If $0.20 becomes a hard ceiling
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📉 TL;DR:
> Volume spike + MA convergence = Volatility cocktail.
Momentum favors bulls for now, but a failed flip of $0.20 could cast a shadow over the rally.