$MAGIC 3.2x volume backs the 20% rally — breakout structure points to continuation, not a trap.
My bias remains bullish on $MAGIC #MAGICUSDT 1H. Price printed a fresh higher high above 0.0636 with strong volume, rising OI and bullish BTC alignment. The impulsive 15M move supports the breakout, although the weekly structure remains bearish, so I want a clean pullback before adding risk.
The key demand area is 0.0613–0.0576. I’m watching for a liquidity sweep around 0.0613 followed by a reclaim, bullish engulfing candle or 5M/15M market-structure shift.
Targets:
TP1: 0.0650
TP2: 0.0687
TP3: 0.0700
With RSI around 80.5, chasing the 0.0654 spike carries higher risk. A controlled pullback and confirmation would offer a cleaner setup.
Flow: OI $3.4M (+72.3% 24H) · Funding +0.0050% · Taker 1.05x
Invalidation: 1H close below 0.0539.
Let the pullback confirm the breakout before entering.
#MAGIC #CryptoTrading #TechnicalAnalysis #BinanceSquare $MAGIC
My bias remains bullish on $MAGIC #MAGICUSDT 1H. Price printed a fresh higher high above 0.0636 with strong volume, rising OI and bullish BTC alignment. The impulsive 15M move supports the breakout, although the weekly structure remains bearish, so I want a clean pullback before adding risk.
The key demand area is 0.0613–0.0576. I’m watching for a liquidity sweep around 0.0613 followed by a reclaim, bullish engulfing candle or 5M/15M market-structure shift.
Targets:
TP1: 0.0650
TP2: 0.0687
TP3: 0.0700
With RSI around 80.5, chasing the 0.0654 spike carries higher risk. A controlled pullback and confirmation would offer a cleaner setup.
Flow: OI $3.4M (+72.3% 24H) · Funding +0.0050% · Taker 1.05x
Invalidation: 1H close below 0.0539.
Let the pullback confirm the breakout before entering.
#MAGIC #CryptoTrading #TechnicalAnalysis #BinanceSquare $MAGIC