The MAGIC/USDT pair is currently moving based on the 4-hour chart in excellent accumulation zones near strong historical support levels. The price is showing clear consolidation, and preparation is underway for an upcoming upward move to compensate for the recent drop.
Here is the trading plan and precisely defined targets based on liquidity levels:
🧭 Entry Zone:
Current and target entry price: it ranges between 0.04385 and 0.04250 (buying from the current levels is considered excellent given how close resistance is to support).
🎯 Expected Upside Targets:
First target: 0.04571 (a breakout confirmation level and the beginning of the positive range for the green shaded area).
Main target (trade target): 0.05006 (a strong profit-taking area and a test of the previous peak).
🛑 Stop Loss:
Close a 4-hour candle below the specified support at 0.04249.
Buy entry from here $MAGIC
Here is the trading plan and precisely defined targets based on liquidity levels:
🧭 Entry Zone:
Current and target entry price: it ranges between 0.04385 and 0.04250 (buying from the current levels is considered excellent given how close resistance is to support).
🎯 Expected Upside Targets:
First target: 0.04571 (a breakout confirmation level and the beginning of the positive range for the green shaded area).
Main target (trade target): 0.05006 (a strong profit-taking area and a test of the previous peak).
🛑 Stop Loss:
Close a 4-hour candle below the specified support at 0.04249.
Buy entry from here $MAGIC