#MAGIC
📉 TECHNICAL ANALYSIS MONITORING — SELL
Asset: MAGICUSDT
Timeframe: 4H
Strategy: Trend reversal confirmed by technical indicators.
🔎 1. Identifying the reversal point
After a strong upward move, the asset showed a loss of buying strength and began forming lower highs, indicating a possible change in market direction. The price pulled back to the 0.10758 area, showing selling pressure.
📊 2. Indicator confirmation
EMA 9 and EMA 21: The price fell below these moving averages, signaling a weakening uptrend and increased selling pressure.
Volume: There was a significant spike during the price increase, followed by a gradual decline in activity, suggesting the buying move was losing momentum.
MACD: The histogram turned negative and the lines are pointing downward, reinforcing the bearish outlook.
RSI: Near 45.60, indicating weakening buying momentum without reaching extreme oversold levels.
Stochastic: Near the oversold region, showing strong short-term selling pressure, but also warranting caution for possible bounces.
🎯 3. Selling strategy
The selling opportunity was identified through a combination of the price falling below the moving averages, weakening upward momentum, and bearish MACD confirmation. A technical entry should be assessed after confirmation of a support break or a retest with rejection, avoiding entering the move prematurely.
🛡️ 4. Risk management
The stop-loss should be placed in a technical area above the last significant high or the trade's invalidation point. Targets should take the next support levels into account, always maintaining a favorable risk-reward ratio. If the price recovers the moving averages and buying strength returns, the sell outlook should be reassessed.
.
📉 TECHNICAL ANALYSIS MONITORING — SELL
Asset: MAGICUSDT
Timeframe: 4H
Strategy: Trend reversal confirmed by technical indicators.
🔎 1. Identifying the reversal point
After a strong upward move, the asset showed a loss of buying strength and began forming lower highs, indicating a possible change in market direction. The price pulled back to the 0.10758 area, showing selling pressure.
📊 2. Indicator confirmation
EMA 9 and EMA 21: The price fell below these moving averages, signaling a weakening uptrend and increased selling pressure.
Volume: There was a significant spike during the price increase, followed by a gradual decline in activity, suggesting the buying move was losing momentum.
MACD: The histogram turned negative and the lines are pointing downward, reinforcing the bearish outlook.
RSI: Near 45.60, indicating weakening buying momentum without reaching extreme oversold levels.
Stochastic: Near the oversold region, showing strong short-term selling pressure, but also warranting caution for possible bounces.
🎯 3. Selling strategy
The selling opportunity was identified through a combination of the price falling below the moving averages, weakening upward momentum, and bearish MACD confirmation. A technical entry should be assessed after confirmation of a support break or a retest with rejection, avoiding entering the move prematurely.
🛡️ 4. Risk management
The stop-loss should be placed in a technical area above the last significant high or the trade's invalidation point. Targets should take the next support levels into account, always maintaining a favorable risk-reward ratio. If the price recovers the moving averages and buying strength returns, the sell outlook should be reassessed.
.