$MAGIC | MAGICUSDT Perpetual Contract Watch | Account View: Bearish
As of 2026-10-11 10:03 Beijing time, the latest traded price was 0.09587 USDT, the contract’s 24-hour change was -30.03%, and contract trading volume was 808 million USDT.
Structure: 1H range-bound, 4H relatively strong (based on the closing price and EMA20/60 alignment). RSI14 is 39.3; the volume ratio for the latest closed 1H candle is 0.24x (compared with the average volume of the previous 20 candles).
Support references: S1 0.07474 (confirmed 1H swing low); S2 0.06612 (confirmed 1H swing low).
Resistance references: R1 0.11696 (confirmed 1H swing high); R2 0.12839 (confirmed 1H swing high).
Short conditions: Only watch for short opportunities if a rebound faces resistance near 0.11696; do not chase shorts without confirmation. If the 1H candle closes and holds above 0.11696, the bearish view is invalidated and this short plan is canceled.
Downside watch: If the 1H candle closes below 0.07474, watch to see whether support emerges near 0.06612; a break below support does not necessarily mean the decline will continue.
The bearish bias reflects the account’s market view and does not mean a short signal has appeared; structural and price-change data are presented as reported. Reference levels may change with the structure. Perpetual contracts also involve funding-rate, slippage, and liquidation risks. This is not investment advice.
Methodology: Binance public USDT perpetual contract candlestick data; indicators use closed-candle data, with the latest 1H candle closing at 2026-10-11 09:59. Coins are selected from the top 50 by 24-hour USDT spot trading volume (this coin ranked 8th), not by market capitalization; prices in the chart match the contract price.
$MAGIC #合约 #Technical Analysis
As of 2026-10-11 10:03 Beijing time, the latest traded price was 0.09587 USDT, the contract’s 24-hour change was -30.03%, and contract trading volume was 808 million USDT.
Structure: 1H range-bound, 4H relatively strong (based on the closing price and EMA20/60 alignment). RSI14 is 39.3; the volume ratio for the latest closed 1H candle is 0.24x (compared with the average volume of the previous 20 candles).
Support references: S1 0.07474 (confirmed 1H swing low); S2 0.06612 (confirmed 1H swing low).
Resistance references: R1 0.11696 (confirmed 1H swing high); R2 0.12839 (confirmed 1H swing high).
Short conditions: Only watch for short opportunities if a rebound faces resistance near 0.11696; do not chase shorts without confirmation. If the 1H candle closes and holds above 0.11696, the bearish view is invalidated and this short plan is canceled.
Downside watch: If the 1H candle closes below 0.07474, watch to see whether support emerges near 0.06612; a break below support does not necessarily mean the decline will continue.
The bearish bias reflects the account’s market view and does not mean a short signal has appeared; structural and price-change data are presented as reported. Reference levels may change with the structure. Perpetual contracts also involve funding-rate, slippage, and liquidation risks. This is not investment advice.
Methodology: Binance public USDT perpetual contract candlestick data; indicators use closed-candle data, with the latest 1H candle closing at 2026-10-11 09:59. Coins are selected from the top 50 by 24-hour USDT spot trading volume (this coin ranked 8th), not by market capitalization; prices in the chart match the contract price.
$MAGIC #合约 #Technical Analysis