The expected scenario for coin #MAGMA currently and over the coming hours
The strongest scenario (55%): A correction toward the 0.2860 - 0.2920 range to absorb overbought conditions and form a price base, then an attempt to resume the upward move and break above 0.3415, which could pave the way toward 0.3650.
The alternative scenario (30%): The price fails to hold 0.30, then breaks the 0.28 zone, which may confirm the start of a deeper distribution wave toward 0.2450.
The incidental scenario (15%): The price oscillates between 0.29 and 0.34 for a period in order to rebuild positions and accumulate liquidity before determining the next direction.
Most important support and resistance levels:
Supports: 0.30 as a near support, then the 0.2860 - 0.2920 range as the main correction zone, followed by 0.28 as a critical level, and then 0.2450 if the correction extends.
Resistances: 0.34 - 0.3415 as the top and main liquidity zone, then 0.3650 as the next upward target.
The most important zone right now is 0.2860 - 0.2920. Holding it after the correction supports a resumption of the uptrend toward 0.3415 and then 0.3650, while breaking 0.28 and staying below it increases the likelihood of a shift into a deeper distribution wave toward 0.2450.
#freesignals #futures #investment #investing $MAGMA
The strongest scenario (55%): A correction toward the 0.2860 - 0.2920 range to absorb overbought conditions and form a price base, then an attempt to resume the upward move and break above 0.3415, which could pave the way toward 0.3650.
The alternative scenario (30%): The price fails to hold 0.30, then breaks the 0.28 zone, which may confirm the start of a deeper distribution wave toward 0.2450.
The incidental scenario (15%): The price oscillates between 0.29 and 0.34 for a period in order to rebuild positions and accumulate liquidity before determining the next direction.
Most important support and resistance levels:
Supports: 0.30 as a near support, then the 0.2860 - 0.2920 range as the main correction zone, followed by 0.28 as a critical level, and then 0.2450 if the correction extends.
Resistances: 0.34 - 0.3415 as the top and main liquidity zone, then 0.3650 as the next upward target.
The most important zone right now is 0.2860 - 0.2920. Holding it after the correction supports a resumption of the uptrend toward 0.3415 and then 0.3650, while breaking 0.28 and staying below it increases the likelihood of a shift into a deeper distribution wave toward 0.2450.
#freesignals #futures #investment #investing $MAGMA