MAGICUSDT - Double Bottom Pattern!MAGICUSDT (1D Chart) Technical analysis
MAGICUSDT (1D Chart) Currently trading at $0.594
Buy level: Above $0.595
Stop loss: Below $0.5
TP1: $0.65
TP2: $0.75
TP3: $0.88
TP4: $1
Max Leverage 3x
Always keep Stop loss
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MAGICUSDT
🚀 Magic USDT Long Signal - Awaiting the Perfect Entry at 0.4896🕒 Entry Strategy: Exercise patience for the optimal entry point at 0.4896 ⏳
📊 Pair: MAGIC/USDT
📈 Position: Long
🎯 Entry Price: Wait for the opportune moment at 0.4896 🎯
🎯 Profit Targets:
Target 1: 0.4977
Target 2: 0.5125
Target 3: 0.5323
Target 4: 0.5661
⛔ Risk Management: Safeguard your trade with a Stop Loss at 0.4707 ⛔
This trade beckons for precision and rewards the vigilant. May the magic unfold in your favor! 🌠🔮📈💼🚀🌟
Just The Magic Idea!Hi traders...
BINANCE:MAGICUSDT CRYPTO:MAGICUSD KUCOIN:MAGICUSDT
⚠️ Disclaimer: The following insights reflect my personal perspective on the market, relying on publicly available information and historical data. While some opinions stem from my actual trades, others do not. I am not a financial advisor, and I bear no responsibility for your trading choices.
✅ Feel free to reach me out with any questions or recommendations. I am more than willing to assess and analyze any currency pair or index that piques your interest.
The MAGICUSDT IdeaCRYPTO:MAGICUSD BINANCE:MAGICUSDT
Hey traders..
The price is likely to rise to the first resistance zone (red zone), which is near the middle line of the channel. After hitting the middle line and making a few small swings, the price is likely to move up to the top of the channel, which is the second resistance zone (white area).
If the price fails to return to the channel and the pullback is not completed, it will move towards the support area shown in yellow. If the price declines, there is a possibility of a period of sideways trading between $0.4830 and $0.4550 on the high-frequency chart.
✅My opinion and suggestion is to enter a long trade above $0.4830 with targets of $0.5200 and $0.5850 after the pullback is completed.
⚠️ Disclaimer: The following insights reflect my personal perspective on the market, relying on publicly available information and historical data. While some opinions stem from my actual trades, others do not. I am not a financial advisor, and I bear no responsibility for your trading choices.
✅ Feel free to reach me out with any questions or recommendations. I am more than willing to assess and analyze any currency pair or index that piques your interest.
MAGIC/USDT Technical Analysis: Potential for a Bull RunMAGIC/USDT Technical Analysis: Potential for a Bull Run
Introduction:
In the world of cryptocurrency trading, it's essential to keep a close eye on the charts and trends. In this technical analysis, we'll take a look at OMXTSE:MAGIC and its current trading position at $0.556.
Chart Analysis:
As illustrated in the chart, #Magic is currently trading near a long-term resistance trendline. This is a crucial point to watch closely as it may have significant implications for the future price movement.
Bull Market Potential:
If #MAGIC/USDT breaks upward and closes above the trendline, there's a strong possibility that Magic will enter a long-term bull market. This could potentially lead to substantial gains, with a target range of $5 to $10 in the next bull run from #MAGIC.
Accumulation Opportunity:
On the other hand, if the trendline proves to be a strong resistance and is rejected, it might present an excellent accumulation opportunity. In this scenario, we could see the price retracing to around the $0.3 to $0.4 level.
Key Price Levels:
Resistance Levels to Watch: $0.65, $0.80, $1.08, $2
Support Level: $0.45
Conclusion:
The #MAGIC/USDT chart is currently at a critical juncture. A breakthrough above the resistance trendline could pave the way for a substantial bull market, while a rejection could offer a last chance to accumulate at lower levels. It's vital for traders and investors to monitor these key price levels closely to make informed decisions in this dynamic market.
Disclaimer:
This analysis is for informational purposes only and should not be considered as financial advice. Cryptocurrency markets are highly volatile, and it's essential to conduct your research and consult with a financial advisor before making any investment decisions.
Thank you.
finally magic breaking descending channel seems like has already bottomed out and getting ready for solid recovery
formed and breaking descending channel expecting breakout soon incase of successful breakout expecting massive recovery in midterm
expecting 200% bullish wave in midterm incase of successful breakout
MAGIC ANALYSIS (4H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the MAGIC symbol.
This analysis is the diametric F wave of the big D wave of the previous analysis. In fact, this is a zoomed-in analysis of the previous analysis
Wave F from D, which is a diametric, has not finished yet, and I think we should move towards two announced targets from SWAP or OB.
Note: The structure of the previous analysis, which is 1D time frame, is valid
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
MAGICUSDTMAGICUSDT is showing some good bullish momentum. As the price is still under bearish trendline but it seems like the price is at verge of breakout. Currently the price is getting strong support from previous broken level. If price close successfully above 0.8230 level, which is the breakout of declining trendline, you can trade it with buy stop.
📉 MAGIC/USDT Falling Wedge Setup! 📉📈 #MAGICUSDT is currently forming an intriguing Falling Wedge pattern on the chart, suggesting a potential bullish turnaround! 🚀
📉 The price action has been establishing lower highs and lower lows, outlining the falling wedge pattern. This pattern often implies a period of consolidation and declining selling pressure.
🧩 Falling wedges are renowned for their tendency to precede upward breakouts, which could indicate a forthcoming trend reversal and the initiation of a new bullish phase.
💡 Keep a close eye on the wedge's resistance and support levels to determine the possible direction of the breakout.
📊 Technical indicators are displaying hints of a potential reversal, lending further support to the bullish outlook.
🔔 Be on high alert for a breakout above the upper trendline, as it might serve as a signal for the start of a bullish trend. Plan your profit targets and stop-loss levels accordingly.
📅 Always practice prudent risk management and responsible trading. Conduct your own research before making any trading decisions.
🚨 Exciting possibilities await for #MAGIC! 🚨 Let's see how this Falling Wedge unfolds! 🤞
(Note: This post is for informational purposes only and should not be considered as financial advice. Trading carries risks, and past performance is not indicative of future results. Always conduct your due diligence and seek professional advice when needed.)
#CryptoTrading #TechnicalAnalysis #BullishSetup #TradeSmart #DYOR #CryptoMarket #ChartAnalysis #EmbraceTheWedge #BullishTrend 🚀📈💹
MAGIC ROADMAP (12H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/SELL the MAGIC symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
MAGICUSDT may head up for resistance around 0.8336-0.8520The price is trading in a zone where it experienced free fall on the recent drop a few day ago. The next resistance for the price is 4h resistance 4HR1 as marked on the chart. This resistance zone sits around 0.8336-0.8520. The probability of the price to aim for this 4h resistance is high. Therefore a long is favorable here. However, there is a reasonable probability of the price to revisit the support zone below specially 4h support 4HS1 and probably 4HS2. Therefore, a better entry for the long would be those levels.
MY BIAS ON MAGICUSDT FOR SHORTMagicusdt 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 MEXC:MAGICUSDT.P
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