⚡ $MAGIC /USDT — PULLBACK OR RECOVERY? 📊
I’m watching MAGIC after its sharp move up, but that sudden rejection near 0.1368 tells me not to chase blindly. Price is around 0.1349, and I want to see buyers regain control before considering an entry.
🔎 My Trade Plan 📍
🎯 TP1: 0.1355
🎯 TP2: 0.1368
🎯 TP3: 0.1380 — only if momentum strengthens
🛑 Invalidation: Below 0.1329
💡 What I’m Watching: A recovery above 0.1355 could bring another test of the recent high. However, the visible MA60 at 0.1389 remains overhead resistance, and the latest pullback shows short-term weakness.
⚠️ If price loses 0.1329, I’d step away from this setup because the recent recovery structure could weaken further.
I’m waiting for confirmation instead of buying just because MAGIC has gained strongly over 24 hours. The next reaction matters more than the daily percentage. 🚀
I’m watching MAGIC after its sharp move up, but that sudden rejection near 0.1368 tells me not to chase blindly. Price is around 0.1349, and I want to see buyers regain control before considering an entry.
🔎 My Trade Plan 📍
🎯 TP1: 0.1355
🎯 TP2: 0.1368
🎯 TP3: 0.1380 — only if momentum strengthens
🛑 Invalidation: Below 0.1329
💡 What I’m Watching: A recovery above 0.1355 could bring another test of the recent high. However, the visible MA60 at 0.1389 remains overhead resistance, and the latest pullback shows short-term weakness.
⚠️ If price loses 0.1329, I’d step away from this setup because the recent recovery structure could weaken further.
I’m waiting for confirmation instead of buying just because MAGIC has gained strongly over 24 hours. The next reaction matters more than the daily percentage. 🚀