$MAGIC LONG SETUP 🚀 | Breakout Momentum
MAGIC is showing serious strength on the 4H chart, climbing from the $0.06–$0.07 accumulation zone to around $0.134. After the sharp breakout and pullback, buyers have stepped back in, but price is now approaching resistance near $0.140.
Here’s what I’m watching 👇
📍 Entry: $0.1280–$0.1320 (on a successful retest)
🛑 SL: $0.1190
🎯 TP1: $0.1400
🎯 TP2: $0.1500
🎯 TP3: $0.1580
⏱ Timeframe: 4H
My view: if MAGIC holds the retest zone and breaks above $0.140 with strong buying pressure, another move toward $0.150–$0.158 could develop. However, losing $0.119 would weaken this bullish setup.
I’m more interested in a clean retest than chasing a coin that has already rallied nearly 30% in 24 hours. Momentum is strong, but a pullback is always possible after such a sharp move.
Would you wait for the retest or look for a breakout above $0.140?
$STRK
$BAT
MAGIC is showing serious strength on the 4H chart, climbing from the $0.06–$0.07 accumulation zone to around $0.134. After the sharp breakout and pullback, buyers have stepped back in, but price is now approaching resistance near $0.140.
Here’s what I’m watching 👇
📍 Entry: $0.1280–$0.1320 (on a successful retest)
🛑 SL: $0.1190
🎯 TP1: $0.1400
🎯 TP2: $0.1500
🎯 TP3: $0.1580
⏱ Timeframe: 4H
My view: if MAGIC holds the retest zone and breaks above $0.140 with strong buying pressure, another move toward $0.150–$0.158 could develop. However, losing $0.119 would weaken this bullish setup.
I’m more interested in a clean retest than chasing a coin that has already rallied nearly 30% in 24 hours. Momentum is strong, but a pullback is always possible after such a sharp move.
Would you wait for the retest or look for a breakout above $0.140?
$STRK
$BAT