$MAGIC USDT: Bulls Are Back in Action — Is $0.1600 the Next Destination?
MAGIC is showing a powerful recovery on the 1H chart, surging 49.34% in 24 hours to $0.13968. After falling to $0.09222, price rebounded strongly and built a series of higher moves, bringing buyers back into control in the short term.
The next challenge is resistance near $0.14444. A confirmed breakout could open the way toward $0.1550 and $0.1630, while rejection may send price back toward the $0.1350–$0.1300 support zone. After such a sharp rally, volatility remains high.
MAGICUSDT — LONG SETUP
EP (Entry Price): $0.13500–$0.14000
TP1: $0.15000
TP2: $0.15800
TP3: $0.16500
SL (Stop Loss): $0.12900
THE NEXT LEG OF THE RALLY?
Buyers have pushed price well above the recent recovery base. Holding the entry zone and breaking above $0.14444 would strengthen the bullish continuation scenario.
If price loses support, the setup may weaken. Avoid chasing a sharp pump, wait for confirmation, and keep risk under control. Extended targets are possibilities, not guarantees.
Stay disciplined, watch the resistance breakout, and let price action guide your next move with MAGICUSDT.
— ChainBanter
MAGIC is showing a powerful recovery on the 1H chart, surging 49.34% in 24 hours to $0.13968. After falling to $0.09222, price rebounded strongly and built a series of higher moves, bringing buyers back into control in the short term.
The next challenge is resistance near $0.14444. A confirmed breakout could open the way toward $0.1550 and $0.1630, while rejection may send price back toward the $0.1350–$0.1300 support zone. After such a sharp rally, volatility remains high.
MAGICUSDT — LONG SETUP
EP (Entry Price): $0.13500–$0.14000
TP1: $0.15000
TP2: $0.15800
TP3: $0.16500
SL (Stop Loss): $0.12900
THE NEXT LEG OF THE RALLY?
Buyers have pushed price well above the recent recovery base. Holding the entry zone and breaking above $0.14444 would strengthen the bullish continuation scenario.
If price loses support, the setup may weaken. Avoid chasing a sharp pump, wait for confirmation, and keep risk under control. Extended targets are possibilities, not guarantees.
Stay disciplined, watch the resistance breakout, and let price action guide your next move with MAGICUSDT.
— ChainBanter