π Paradisers, #MAGIC has recently undergone notable market dynamics. Currently situated at a critical support area, #MAGIC awaits validation through a bounce, which could set the stage for a breakout above the key resistance level at 1.195.
π Breaking above this resistance is pivotal for the next phase of the movement. If #MAGIC successfully breaches the resistance, it could signal further upward momentum, potentially leading to a retest of stronger resistance zones.
π However, should #MAGIC fail to break above the resistance, it may retreat to the support area to gather momentum for another attempt.
π If #MAGIC breaks below the support area, it would likely confirm a bearish sentiment, especially considering its prior breach of the ascending support trendline. Such a breakdown could lead to sustained downward movement, potentially testing lower support levels.
π Breaking above this resistance is pivotal for the next phase of the movement. If #MAGIC successfully breaches the resistance, it could signal further upward momentum, potentially leading to a retest of stronger resistance zones.
π However, should #MAGIC fail to break above the resistance, it may retreat to the support area to gather momentum for another attempt.
π If #MAGIC breaks below the support area, it would likely confirm a bearish sentiment, especially considering its prior breach of the ascending support trendline. Such a breakdown could lead to sustained downward movement, potentially testing lower support levels.
Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREEπ t.me/+QwK2mkoTGBU0Nzc0
ποΈOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals π shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREEπ t.me/+QwK2mkoTGBU0Nzc0
ποΈOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals π shorturl.at/ikpAV