💎MAGIC has undeniably garnered significant attention in the market. Currently, it is breaking out of a local resistance level, and there is the potential for a retesting phase, primarily at the support level that was previously a resistance at 1.315.
💎 If the retest proves valid, the price is likely to bounce from this support and continue its upward trajectory....
4h time frame
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MAGIC just broke out the downtrend line. It is creating a bottom structure and retesting the support zone around 0.55. If MAGIC is doing the potential symmetrical, we can see it reach 0.73 soon, and there are higher targets.
TP: 0.73 / 0.8 /0.9
SL: 0.525
CRYPTO:MAGICUSD BINANCE:MAGICUSDT
Hey traders..
The price is likely to rise to the first resistance zone (red zone), which is near the middle line of the channel. After hitting the middle line and making a few small swings, the price is likely to move up to the top of the channel, which is the second resistance zone (white area).
If the price fails to return...
Time to rebuy BINANCE:MAGICUSDT
"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
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The price is trading in a zone where it experienced free fall on the recent drop a few day ago. The next resistance for the price is 4h resistance 4HR1 as marked on the chart. This resistance zone sits around 0.8336-0.8520. The probability of the price to aim for this 4h resistance is high. Therefore a long is favorable here. However, there is a reasonable...
Magicusdt 15M TF Analysis , For This TF My Bias Is Short As It Tested 15M Supply Zone And Got Rejected Creating Fair Value Gap And Created Divergence On 5M TF RSI.Break Of Stracture Happened On 5M TF,Before Breaking Grabbed Multiple Liquidity.Support Got Broken And Later Acting As Resistance ,Resistance Acted As Support For A Short Time But Eventually Got Broken.I...
MEXC:MAGICUSDT.P Magicusdt 15M TF Analysis , For This TF My Bias Is Short As It Tested 15M Supply Zone And Got Rejected Creating Fair Value Gap And Created Divergence On 5M TF RSI.Break Of Stracture Happened On 5M TF,Before Breaking Grabbed Multiple Liquidity.Support Got Broken And Later Acting As Resistance ,Resistance Acted As Support For A Short Time But...
BINANCE:MAGICUSDT BINANCE:MAGICUSD
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And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
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