âđ $MAGIC IC Signal Update (4H Chart): Time to Lock Profits or Wait for a Re-entry?
âAfter consolidating around the $0.050 - $0.060 baseline, $MAGIC erupted with a violent green candle testing $0.0806 (+21.53%).
âActionable Key Levels to Watch:
âđŻ Resistance: $0.0806 â $0.0822
âđĄïž Immediate Support: $0.0749
âđĄïž Major Support Zone: $0.0677 â $0.0690 (MA 7 Alignment)
âTrade Plan Considerations:
âFor Longs: Chasing at $0.0795 after a massive vertical move carries higher risk. Looking for a healthy pullback and consolidation near $0.0720â$0.0750 provides a much better Risk-to-Reward (R:R) ratio.
âFor Profit-Takers: Partial profit-taking near $0.0800 while trailing a stop-loss is a smart strategy to safeguard recent gains.
âIs $MAGIC keeping this momentum for $0.10, or are we due for a brief cool-off? Share your thoughts below! đ
â
âAfter consolidating around the $0.050 - $0.060 baseline, $MAGIC erupted with a violent green candle testing $0.0806 (+21.53%).
âActionable Key Levels to Watch:
âđŻ Resistance: $0.0806 â $0.0822
âđĄïž Immediate Support: $0.0749
âđĄïž Major Support Zone: $0.0677 â $0.0690 (MA 7 Alignment)
âTrade Plan Considerations:
âFor Longs: Chasing at $0.0795 after a massive vertical move carries higher risk. Looking for a healthy pullback and consolidation near $0.0720â$0.0750 provides a much better Risk-to-Reward (R:R) ratio.
âFor Profit-Takers: Partial profit-taking near $0.0800 while trailing a stop-loss is a smart strategy to safeguard recent gains.
âIs $MAGIC keeping this momentum for $0.10, or are we due for a brief cool-off? Share your thoughts below! đ
â