$MAGIC MAGIC/USDT — Rocketing higher with a strong breakout! 🚀
The coin is posting record gains of +74.74% at a price of 0.1161, amid exceptionally high liquidity and strong buying pressure.
* Entry price: (range 0.0980 - 0.1050)
* Stop Loss: A break below and failure to hold support at 0.0890
* Targets, in order:
* First target: 0.1217 (test of the previous high)
* Second target: 0.1350
* Third target: 0.1500
⚠️ Chart indicator analysis:
* Relative Strength Index RSI(14): currently at 89.71 (extremely overbought territory), raising concerns about a sudden correction
However, the On-Balance Volume (OBV) indicator shows a massive inflow of liquidity, confirming the strength of the current momentum.
🛡️ Note: Trading involves high risk. Please manage your risk and ensure your position size is appropriate for your capital.
The coin is posting record gains of +74.74% at a price of 0.1161, amid exceptionally high liquidity and strong buying pressure.
* Entry price: (range 0.0980 - 0.1050)
* Stop Loss: A break below and failure to hold support at 0.0890
* Targets, in order:
* First target: 0.1217 (test of the previous high)
* Second target: 0.1350
* Third target: 0.1500
⚠️ Chart indicator analysis:
* Relative Strength Index RSI(14): currently at 89.71 (extremely overbought territory), raising concerns about a sudden correction
However, the On-Balance Volume (OBV) indicator shows a massive inflow of liquidity, confirming the strength of the current momentum.
🛡️ Note: Trading involves high risk. Please manage your risk and ensure your position size is appropriate for your capital.