$MAGIC : Holds Moving Average Support: High Probability Long Setup
LONG SETUP MAGIC
Entry: $0.12450 - $0.12600
Stop Loss: $0.12024
Take Profit: $0.13527 (2R)
Key Levels: Support $0.07490 | Resistance $0.12820
Technical Analysis for $MAGIC : Price sits above EMA9, EMA21, EMA50 and EMA200, showing clear bullish alignment. MACD histogram is positive and ADX 61 confirms strong trend. RSI 81 and Stochastic 92 signal overbought risk, making the 0.12450.1260 zone a logical entry on a breakout above 0.1282. SL at 0.1209, TP at 0.1333; watch 0.1282 as the next resistance.
Market Context: BTC is up 1.07% on the day, with a mixed 4hour trend; overall market breadth is broadly positive (84.6% green).
LONG $MAGIC
LONG SETUP MAGIC
Entry: $0.12450 - $0.12600
Stop Loss: $0.12024
Take Profit: $0.13527 (2R)
Key Levels: Support $0.07490 | Resistance $0.12820
Technical Analysis for $MAGIC : Price sits above EMA9, EMA21, EMA50 and EMA200, showing clear bullish alignment. MACD histogram is positive and ADX 61 confirms strong trend. RSI 81 and Stochastic 92 signal overbought risk, making the 0.12450.1260 zone a logical entry on a breakout above 0.1282. SL at 0.1209, TP at 0.1333; watch 0.1282 as the next resistance.
Market Context: BTC is up 1.07% on the day, with a mixed 4hour trend; overall market breadth is broadly positive (84.6% green).
LONG $MAGIC