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Magicusdtlong

#MAGIC/USDT#MAGIC The price is moving within a descending channel on the 1-hour frame and is expected to break and continue upward. We have a trend to stabilize above the 100 moving average once again. We have a downtrend on the RSI indicator, which supports the upward move by breaking it upward. We have a support area at the lower limit of the channel at 0.1533, acting as strong support from which the price can rebound. Entry price: 0.1560 First target: 0.1611 Second target: 0.1667 Third target: 0.1750
Long
by CryptoAnalystSignal
MAGICUSDT Forming Falling WedgeMAGICUSDT is currently showing a highly promising technical setup with the formation of a falling wedge pattern, a historically reliable bullish reversal signal. This pattern, defined by converging trendlines sloping downward, typically signals a pause in a larger bullish trend and sets the stage for a significant upward breakout. MAGICUSDT appears to be nearing the breakout zone, and volume activity has started to increase, signaling growing accumulation and investor interest in this project. The falling wedge is not just a visual pattern but a psychological reflection of reduced selling pressure and the potential for strong buyer interest once resistance levels are broken. With price compression occurring and the wedge tightening, MAGICUSDT could be poised for an explosive move. Historical breakouts from similar setups have often led to price increases ranging from 90% to 100%, making this a very attractive risk-reward trade for swing and position traders alike. Beyond the technicals, market sentiment for MAGICUSDT is strengthening. The project continues to draw attention from retail traders and analysts across social media and trading platforms. This renewed focus could act as a catalyst for price momentum, especially as breakout traders and algorithmic systems begin to identify the wedge formation and position themselves accordingly. In conclusion, MAGICUSDT offers a compelling opportunity for those watching for technically sound breakouts with strong upside potential. With volume confirming the pattern and price action pressing against the upper resistance, the setup suggests a breakout may be imminent. Keep this pair on your radar as it could be preparing for a major rally in the days ahead. ✅ Show your support by hitting the like button and ✅ Leaving a comment below! (What is You opinion about this Coin) Your feedback and engagement keep me inspired to share more insightful market analysis with you!
Long
by Alpha-GoldFX
$MAGIC broke out!After weeks of grinding inside a falling channel, OMXTSE:MAGIC finally broke out with a sharp 20% move! - Channel breakout confirmed - Price reclaimed the support zone around $0.145 - Resistance zone ahead: $0.185–$0.20 Now it’s all about momentum. If bulls hold above the breakout area, we could see further continuation toward the upper resistance. Trade smart — avoid FOMO. To ride the wave further, wait for a retest or clear strength above resistance. This is how a clean technical structure plays out.
Long
by persis10t
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 Entra_Academy
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.
Long
by angela_altair