$MAGIC /USDT Current price is showing strong intraday activity, sitting around 0.0679 USDT, with roughly -3.3% movement over the last 24 hours. After a failed push near 0.0700 and tight consolidation, price is now compressing near a demand zone. This kind of structure often precedes a volatility expansion. On the 1H timeframe, momentum is stabilizing after a pullback, suggesting a potential bounce continuation if buyers step in with volume.

Trade Setup

• Entry Zone: 0.0672 – 0.0680

(near intraday support & consolidation base)

• Target 1 🎯: 0.0692

(previous intraday resistance)

• Target 2 🎯: 0.0705

(24H high / breakout trigger)

• Target 3 🎯: 0.0725 – 0.0730

(extended move if momentum accelerates)

• Stop Loss: 0.0659

(clean invalidation below local support)

Trade Logic:

As long as price holds above 0.067, this remains a buy-the-dip momentum play. A clean break and hold above 0.0705 with volume can unlock a sharper upside move. If volume stays weak and support fails, the setup is invalidated.

#EthereumLayer2Rethink? #ADPDataDisappoints

MAGIC

0.0562

-17.95%