MAGICUSDT is currently trading within a symmetric triangle pattern, characterized by a converging trendline of lower highs and higher lows. Traders can wait for a breakout of either the upper or lower trendline to confirm the direction of the next move, and enter a trade in the direction of the breakout.
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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.