MAGICUSDT 1WMAGIC ~ 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.
Magicusdtanalysis
MAGICUSDT 1WMAGIC ~ 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 target 0.734h 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
MAGIC pump target 2.21D time frame
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MAGIC is retesting the wedge structure.
Once the support works and go over 0.873
The pump trend will continue go.
TP: 2.2~2.4
SL: 0.59
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.
