$MAGIC is showing strong bullish momentum after a sharp price increase. However, chasing a pump can be risky, so patience is key.
Trade Setup (LONG) Entry Zone: $0.1100–$0.1150 Stop Loss: $0.1060 TP1: $0.1200 TP2: $0.1260 TP3: $0.1320
Strategy: Wait for a pullback and confirmation of support before entering.
Avoid buying after a sudden vertical candle. • Watch volume for breakout confirmation. • Consider taking partial profits at TP1. • Keep leverage low and manage risk carefully.
Trade Setup (LONG) Entry Zone: $0.1100–$0.1150 Stop Loss: $0.1060 TP1: $0.1200 TP2: $0.1260 TP3: $0.1320
Strategy: Wait for a pullback and confirmation of support before entering.
Avoid buying after a sudden vertical candle. • Watch volume for breakout confirmation. • Consider taking partial profits at TP1. • Keep leverage low and manage risk carefully.