$MAGIC
Technical Analysis and Update for the Coin (Spot Trade - Spot Only)
After the coin’s strong vertical rally to the current resistance area near 0.1217, the price has shown excellent momentum, but entering at the current market price carries high risk. Therefore, we are considering two balanced trading scenarios:
🔹 Scenario One: Pullback and Consolidation (Most Likely and Preferred)
Wait for a healthy pullback to retest liquidity zones and key Fibonacci levels.
🟢 Suggested Buy Zones (DCA):
• First entry zone: 0.0980 - 0.1080
• Second entry zone (strong support): 0.0885 - 0.0905 — liquidity gap
🔹 Scenario Two: Immediate Momentum Breakout
If the rally continues without a deep correction.
🎯 Investment Targets (Spot Targets):
• Target 1: 0,1320
• Target 2: 0.1430
• Target 3: 0.1650 - 0.1700
• Extended target (excellent bullish wave): 0.2520
⚠️ Stop-loss / invalidation: A daily candle closes below 0.0790.
💡 Risk management tip: Stick to limit orders and avoid rushing to buy at market near the highs.
Technical Analysis and Update for the Coin (Spot Trade - Spot Only)
After the coin’s strong vertical rally to the current resistance area near 0.1217, the price has shown excellent momentum, but entering at the current market price carries high risk. Therefore, we are considering two balanced trading scenarios:
🔹 Scenario One: Pullback and Consolidation (Most Likely and Preferred)
Wait for a healthy pullback to retest liquidity zones and key Fibonacci levels.
🟢 Suggested Buy Zones (DCA):
• First entry zone: 0.0980 - 0.1080
• Second entry zone (strong support): 0.0885 - 0.0905 — liquidity gap
🔹 Scenario Two: Immediate Momentum Breakout
If the rally continues without a deep correction.
🎯 Investment Targets (Spot Targets):
• Target 1: 0,1320
• Target 2: 0.1430
• Target 3: 0.1650 - 0.1700
• Extended target (excellent bullish wave): 0.2520
⚠️ Stop-loss / invalidation: A daily candle closes below 0.0790.
💡 Risk management tip: Stick to limit orders and avoid rushing to buy at market near the highs.