MMAGIC/USDT has been moving inside a clear structure where buyers and sellers are battling for control.
The major resistance line above has acted as a strong barrier multiple times, and a clean breakout here could open the door for a much stronger bullish move.
On the flip side, the ascending support line has been holding well, showing steady higher lows and signaling that buyers are still active. The mid support–resistance zone has also been a key pivot area, with price bouncing off it several times.
As long as price continues to respect this support and manages to push through the resistance trendline, the bias remains bullish.
If it fails to hold the support, though, the structure weakens and further downside becomes possible.
More updates coming soon, stay tuned.
DYOR, NFA
The major resistance line above has acted as a strong barrier multiple times, and a clean breakout here could open the door for a much stronger bullish move.
On the flip side, the ascending support line has been holding well, showing steady higher lows and signaling that buyers are still active. The mid support–resistance zone has also been a key pivot area, with price bouncing off it several times.
As long as price continues to respect this support and manages to push through the resistance trendline, the bias remains bullish.
If it fails to hold the support, though, the structure weakens and further downside becomes possible.
More updates coming soon, stay tuned.
DYOR, NFA
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.