MAGIC $MAGIC : Spot price has fallen back to a key level. Is it still a good time to go long?
Why did MAGIC fall this time?
It fell 2.78% over 4 hours, with a low of 0.1156 and a high of 0.1237. Volume dropped to 23% of the average, and aggressive buying accounted for 48.28%.
Can you still go long on MAGIC?
Yes. If it holds the 0.1156 support, a breakout above the 0.1237 resistance could be a long entry.
How high could MAGIC go?
First, watch 0.1237. The setup is invalidated if it falls below 0.1156.
Why did MAGIC fall this time?
It fell 2.78% over 4 hours, with a low of 0.1156 and a high of 0.1237. Volume dropped to 23% of the average, and aggressive buying accounted for 48.28%.
Can you still go long on MAGIC?
Yes. If it holds the 0.1156 support, a breakout above the 0.1237 resistance could be a long entry.
How high could MAGIC go?
First, watch 0.1237. The setup is invalidated if it falls below 0.1156.