Alright, let’s look at $MAGIC 👀
Honestly, this chart is a bit of a sweaty setup right now. Ngl.
After that crazy run up to 0.16, the 4H has been slowly bleeding out.
We’re sitting at 0.109 right now, chilling right on this local support zone around 0.105 - 0.110.
The good news? Volume is absolutely dead right now. 18M on the 4H compared to that massive spike earlier. Usually means sellers are exhausted, at least for a moment.
But bro... did you see the notice at the top? "Removal of Spot Trading Pairs - 2026-07-31". That’s a massive red flag.
The team is either delisting or migrating, which explains the recent -4% on the day. This is pure degen territory now. High risk, high reward.
If you're trying to catch a bounce here’s how I’m playing it:
Entry: 0.105 - 0.108 (current area)
Stop Loss: 0.098 (If we lose this, it's over, probably sweeping those 0.08 lows)
Targets: 0.120 (first major resistance), 0.135 (if we get a miracle bounce).
Honestly, this chart is a bit of a sweaty setup right now. Ngl.
After that crazy run up to 0.16, the 4H has been slowly bleeding out.
We’re sitting at 0.109 right now, chilling right on this local support zone around 0.105 - 0.110.
The good news? Volume is absolutely dead right now. 18M on the 4H compared to that massive spike earlier. Usually means sellers are exhausted, at least for a moment.
But bro... did you see the notice at the top? "Removal of Spot Trading Pairs - 2026-07-31". That’s a massive red flag.
The team is either delisting or migrating, which explains the recent -4% on the day. This is pure degen territory now. High risk, high reward.
If you're trying to catch a bounce here’s how I’m playing it:
Entry: 0.105 - 0.108 (current area)
Stop Loss: 0.098 (If we lose this, it's over, probably sweeping those 0.08 lows)
Targets: 0.120 (first major resistance), 0.135 (if we get a miracle bounce).