*🚨 MAGIC at the bottom? 10.4M volume and RSI 29 are screaming that a rebound is near!*
Look what happened today with MAGIC/USDT:
📉 Fell from 0.14669 to 0.11835 (-9.13%) with a giant fear candle
But there are strong rebound signals:
✅ *Explosive volume: 10.4M* - the highest selling volume today, known as capitulation. Often the final drop before the whales buy
✅ *RSI at 29.44* - historically oversold. Every time it reached this zone, it rebounded 2% to 3% within minutes (happened 3 times today)
✅ *Far from MA60* — the price is 0.11835 and MA60 is at 0.12103, a gap of only 2.5%. The price likes to come back and touch the average.
*My plan:*
I bought at 0.1239 and set a sell order at 0.1235 — I won’t sell at a loss at the fear bottom. First target: 0.12103
*Tip for traders:* Watch for a quick bounce; this isn’t the time to panic-sell.
⚠️ Not investment advice, technical analysis only. Trade responsibly.
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