$MAGIC — BULLISH RALLY FACES A SHARP SELL-OFF
MAGIC/USDT is trading at $0.1089, up 42.73%, after rallying to $0.1639 before facing strong selling pressure. The sharp rejection has pushed price back toward $0.1089, making the $0.1009 support zone critical for the next move.
TRADE SETUP: WAIT FOR CONFIRMATION
Current Price: $0.1089
Resistance: $0.1237
Major Resistance: $0.1464
Recent High: $0.1639
Support: $0.1009
24H Low: $0.0755
A recovery above $0.1237 could signal improving bullish momentum, while a break below $0.1009 may expose further downside. After this sharp sell-off, wait for price confirmation rather than chasing the earlier rally.
Buy/Short and trade $MAGIC
This does not constitute investment advice. Crypto futures trading carries significant risk.
MAGIC/USDT is trading at $0.1089, up 42.73%, after rallying to $0.1639 before facing strong selling pressure. The sharp rejection has pushed price back toward $0.1089, making the $0.1009 support zone critical for the next move.
TRADE SETUP: WAIT FOR CONFIRMATION
Current Price: $0.1089
Resistance: $0.1237
Major Resistance: $0.1464
Recent High: $0.1639
Support: $0.1009
24H Low: $0.0755
A recovery above $0.1237 could signal improving bullish momentum, while a break below $0.1009 may expose further downside. After this sharp sell-off, wait for price confirmation rather than chasing the earlier rally.
Buy/Short and trade $MAGIC
This does not constitute investment advice. Crypto futures trading carries significant risk.