The symbol MAGIC has started a strong momentum towards the Supply zone. Since there haven't been significant pullbacks during this powerful move, and the supply zone is fresh and untouched, a price rejection is expected. If the price reaches the supply zone, we anticipate a rejection and will be looking for sell/short positions within the supply zone.
Targets are marked on the chart.
A daily candle closing above the invalidation level will negate this outlook.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Targets are marked on the chart.
A daily candle closing above the invalidation level will negate this outlook.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
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Disclaimer
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🔆To succeed in trading, just enter our Telegram channel:
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
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.