MAGIC ~ 1W
#MAGIC The decline occurred already -80% from the highest peak.
It's time to start accumulating again, with a short term target of at least 20%+ from here.
MAGIC ~ 1W
#MAGIC The decline occurred already -80% from the highest peak.
It's time to start accumulating again, with a short term target of at least 20%+ from here.
4h time frame
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MAGIC just broke out the downtrend line. It is creating a bottom structure and retesting the support zone around 0.55. If MAGIC is doing the potential symmetrical, we can see it reach 0.73 soon, and there are higher targets.
TP: 0.73 / 0.8 /0.9
SL: 0.525
The 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...
