MAGIC broke above the resistance!MAGIC has broken above the daily resistance and is now gearing up for a potential bullish move.
Strategy:
~ Entry: $0.15 to CMP.
~ Trade Period: Short-term.
~ Trade Type: Spot/2x-3x leverage.
~ Target: 50%-60%.
Note: Always do your own research and analysis before investing.
Regards,
Dexter.
#MAGIC broke above the resistance!#MAGIC
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We have a bounce from the lower boundary of the descending channel. This support is at 0.1160.
We have a downtrend on the RSI indicator that is about t
MAGIC | Breakout AttemptMAGIC is attempting a breakout from its long-term descending channel pattern.
Analysis:
RSI shows momentum building from oversold levels
Multiple VWAP indicators suggest institutional accumulation
Risk Factors:
Breakout needs volume confirmation
Failure at resistance could lead to retest of $
Limit Long on MAGICLimit long placed on MAGIC after strong impulsive breakout and retrace into structural support, overlapping the golden pocket zone and anchored volume clusters. Price is compressing just below a minor supply shelf, and the setup targets a continuation move into recent highs. Risk is tightly defined
#MAGIC/USDT#MAGIC
The price is moving within a descending channel on the 1-hour frame and is expected to break and continue upward.
We have a trend to stabilize above the 100 moving average once again.
We have a downtrend on the RSI indicator that supports the upward move with a breakout.
We have a support
MAGIC/USDT (2nd update)Key Level Zone: 0.1300 - 0.1330
LMT v2.0 detected.
The setup looks promising—price previously trended upward with rising volume and momentum, then retested this zone cleanly. This presents an excellent reward-to-risk opportunity if momentum continues to align.
Introducing LMT (Levels & Momentum Tr
MAGIC/USDTKey Level Zone: 0.1520 - 0.1550
LMT v2.0 detected.
The setup looks promising—price previously trended upward with rising volume and momentum, then retested this zone cleanly. This presents an excellent reward-to-risk opportunity if momentum continues to align.
Introducing LMT (Levels & Momentum Tr
#MAGIC/USDT#MAGIC
The price is moving within a descending channel on the 1-hour frame and is expected to break and continue upward.
We have a trend to stabilize above the 100 moving average once again.
We have a downtrend on the RSI indicator, which supports the upward move by breaking it upward.
We have a
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.