ETH/BTC closed the monthly above the MA20 — a level that previously marked the start of a major ETH outperformance cycle.
The setup is getting interesting: • Target 1: 0.050 • Stretch target: 0.088 • MACD turning up from a major low • ISM at 54.6 vs 55.2 expected, showing growth is still strong but slowing
The key now is simple: ETH/BTC must hold above the MA20.
If it does, ETH could finally start outperforming BTC again.
$BEAT just gave a strong bounce from the $0.128 area. I’m watching this one closely now because buyers are clearly trying to take back the level they just lost.
$BEAT USDT — LONG
Current Price: $0.1314 Entry Zone: $0.1285–$0.1310 Stop Loss: $0.1245 Take Profit 1: $0.1360 Take Profit 2: $0.1390 Take Profit 3: $0.1450
The 1H chart had a sharp rejection from the highs, but buyers stepped back in around $0.128 and pushed price straight back above $0.13.
That bounce is what caught my attention.
I don’t want to chase a big green candle here. If BEAT gives a clean retest around the entry zone and holds, I like the setup for another move toward the previous highs.
$0.1360 is the first level I’m watching. If buyers break through that area with strength, $0.1390 and above becomes interesting.
Trade with a proper SL. Don’t go all in on one setup.
$MAGMA is pushing into a major resistance zone — but the trend is still clearly bullish.
$MAGMA USDT — LONG
Current Price: 0.4833 Entry Zone: 0.4620–0.4740 Stop Loss: 0.4480 Take Profit 1: 0.4895 Take Profit 2: 0.5050 Take Profit 3: 0.5250
Technical Reason: 1H structure is making higher highs and higher lows with strong momentum. Price is now testing the 0.4895 resistance, so I would rather wait for a pullback/retest than chase the current candle.
If 0.4895 breaks and holds, the next expansion could come fast. Watch the retest closely.