⚡ Executive Radar : MAGIC/USDT (15m)
A Channel Down structure is retesting upper resistance on MAGIC/USDT caught by ChartScout.
📊 Price Structure:
• Setup: Channel Down (Descending Channel)
• Resistance Ceiling: $0.04105 USDT (3 Touches)
• Support Floor: $0.04070 USDT (2 Touches)
• Current Price: $0.04098 USDT (Testing Resistance)
🎯 Technical Scenario:
MAGIC moved back up to test upper channel resistance for the 3rd time. Watch for volume confirmation on a 15m candle close above upper resistance (~$0.04105) to gauge potential breakout momentum.
⚠️ DYOR - Not Financial Advice.
#ChartScout #dyor #MAGIC #MAGIC/USDT
A Channel Down structure is retesting upper resistance on MAGIC/USDT caught by ChartScout.
📊 Price Structure:
• Setup: Channel Down (Descending Channel)
• Resistance Ceiling: $0.04105 USDT (3 Touches)
• Support Floor: $0.04070 USDT (2 Touches)
• Current Price: $0.04098 USDT (Testing Resistance)
🎯 Technical Scenario:
MAGIC moved back up to test upper channel resistance for the 3rd time. Watch for volume confirmation on a 15m candle close above upper resistance (~$0.04105) to gauge potential breakout momentum.
⚠️ DYOR - Not Financial Advice.
#ChartScout #dyor #MAGIC #MAGIC/USDT