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Magicusdsignals

MAGIC/USDT AnalysisI'm excited to share an analysis on MAGICUSDT that appears quite promising. Currently on a bullish trend with consistent buy signals, Magic seems poised for an intriguing move. Taking into account recent Bitcoin movements, our projection places Magic in the highlighted zone captured in the attached photo, roughly ranging between $0.76 to $0.77. Trade Plan: Target Price: $0.76 - $0.77 Expected Gain: 30%+ Risk Management: 5% The risk-reward ratio is meticulously set at 5% risk for a potential gain exceeding 30%, a risk deemed acceptable given the current market conditions. For a detailed look at the potential stop scenario, please refer to the attached photo. It's important to clarify that this isn't financial advice but an analysis we believe deserves consideration. As always, your individual decision-making is crucial. Whether you choose to join the position or not, it should align with your own assessment of the market. Wishing everyone a profitable trade!
Long
by Enes_Ibraimi
MY BIAS ON MAGICUSDT IS SHORTMEXC:MAGICUSDT.P Magicusdt 15M TF Analysis , For This TF My Bias Is Short As It Tested 15M Supply Zone And Got Rejected Creating Fair Value Gap And Created Divergence On 5M TF RSI.Break Of Stracture Happened On 5M TF,Before Breaking Grabbed Multiple Liquidity.Support Got Broken And Later Acting As Resistance ,Resistance Acted As Support For A Short Time But Eventually Got Broken.I Am Gonna Focus On Premium Zone For Entry.And There Are Some Liquidity Resting On Upside Thats why I Am Thinking it will go up and take them and tap into my entry. i am gonna have two entry FIRST ENTRY ENTRY - 0.9241 SL - 0.9375 TP- 0.8923 RR - 1:2.37 SECOND ENTRY ENTRY - 0.9294 SL - 0.9400 TP- 0.8923 RR - 1:3.5
Short
by GunGravE_T
MAGICUSD Nearing August Resistance, may be last buy opportunityThe Magic token (MAGICUSD) is living up to its name and is rising aggressively within a Channel Up. That pattern was formed after it made a Double Bottom on November 09 2022. It has turned the 1D MA50 (blue trend-line) into Support, which was successfully tested but right now is approaching the first important Resistance of this uptrend, nearing the 1.6100 level (August 10 High). A pull-back there to re-test the 1D MA50 could be the last buy opportunity before the 3.500 - 4.200 range, which is Resistance 2 (and April 02 High). We can determine price highs when the 1D RSI forms Lower Highs (Bearish Divergence), in contrast to the price's Higher Highs. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:MAGICUSD
by TradingShot
4