MAGIC/USDT LAST SCENARIO
I would like to share the latest status of our chart and explain why I didn't enter at the previous levels of $0.76-$0.77.
Since my target for this coin is over 30%, my priority is to enter positions with minimal risk to safely carry the position. What caught my attention, thanks to my alerts, was the consistent approach to our initial levels without breaking through. Currently, it has established that region as a support level.
A break below that region would mean taking more than a 10% risk for me. Considering the target we have in mind, this isn't ideal. Those who wish can still enter from these levels gradually.
However, for me, entering from the green area starting at $0.65, as you can see in the chart, seems much safer.
With my alerts active, placing orders when it reaches that point and waiting for the targets to be achieved is the most prudent strategy. I hope we achieve maximum gains with minimum risk.
Since my target for this coin is over 30%, my priority is to enter positions with minimal risk to safely carry the position. What caught my attention, thanks to my alerts, was the consistent approach to our initial levels without breaking through. Currently, it has established that region as a support level.
A break below that region would mean taking more than a 10% risk for me. Considering the target we have in mind, this isn't ideal. Those who wish can still enter from these levels gradually.
However, for me, entering from the green area starting at $0.65, as you can see in the chart, seems much safer.
With my alerts active, placing orders when it reaches that point and waiting for the targets to be achieved is the most prudent strategy. I hope we achieve maximum gains with minimum risk.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.