The MAGIC (Treasure) pair continues to impress with its activity, gaining +42.44% and trading at 0.1084 USDT (after a local surge to the daily high of 0.1639 USDT, a low of 0.0755 USDT, and a previously recorded start of the move from lower levels around 0.0472 USDT).
What does the technical picture on the chart show:
âTrading dynamics: After a powerful vertical green candle, sellers have taken partial profits, triggering a red pullback from the peak of 0.1639 USDT. However, the overall uptrend remains intact.
âTrading volume: Daily turnover reached a significant 76.55 million USDT (with a volume of 636.48 million MAGIC), confirming increased trader interest and high liquidity in the coin.
âTechnical status: The RSI(6) indicator has cooled off after reaching extreme levels and is now at 74.38, indicating moderate overbought conditions during a local correction.
ââ ď¸ High volatility at peak levels calls for strict risk management. Take profits in stages, manage your stop-losses, and don't let emotions take over!
Did you manage to catch the move in MAGIC? Share your thoughts in the comments.
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