Front test: ShortFound a 15 min ob for entry and saw it retested the channel, and failed to go back. Will target the recent high low in 15 min.
MAGICUSDT.P trade ideas
Magic Long IdeaMarket is making higher highs and lower highs, a bullish orderflow is playing out. Consider BTC's movement.
Magic Short IdeaPrice action is making higher highs in 15 minutes time frame, while RSI indicates lower highs. Bearish Divergence playing out in 15 minutes time frame. Waiting for price to break structure of the low that made the higher high.
If so, might look for short ideas , and might consider for BSL to be swept for a better setup.
Bearish scenario but following the trend line and smcBearish scenario but following the trend line and smc
Magic going Bullish?Looking for a long but would make a counter trade also just to check which setup works.
MAGICHello dear traders and my subscribers 👥, please if you like ideas do not forget to support it with your boost 🚀
Everything is explained in the street. If you have a question, leave it to me in the comments ✌️
#SHORT MAGICUSDTPMoving in a downtrend channel and creating lower low and lower higs.. A short can be opened with tight stoploss.
Short-term Magic/USDT PredictionI think this one has more power to go up. I keep on watching this coin very carefully with some hope
maybe it could be the next AXS.
Magic Ready for Lower LowI should have waited with my last entry. I'm happy with this swing trade as what I see as a high probability play.
There's a bearish market structure and a lower low is expected after also breaking the trend line.
Short Idea for MAGIC/USDTPlanning to take this trade as BSL has been swept, waiting for market shift for my short idea to be valid. Key points below for my TP ( OB's & SSL)
🔥 MAGIC Bullish Channel Bounce: Great Risk-RewardMAGIC is one of the newer tokens on Binance, which always makes it an interesting high-volatility play.
After a massive move, MAGIC appears to be consolidating within a bullish channel. As of this morning, MAGIC has successfully bounced off the lower support of the channel.
I'm aiming for the top of the channel. However, consider taking some profits off the table around $1.90 or so.
MAGIC go downThere is a downtrend on the instrument, a decrease in trading volumes, the buyer cannot update local highs, all this indicates the presence of its weakness.
In view of the above, a short breakout level was formed with several touches, as well as a downward slope. I expect that the further inability to update the highs and the price tightening to the level of $ 1.49 will lead to its breakdown into the short.
I plan to enter the deal in case of a smooth approach to the level, trading in its area and an impulse breakdown down to the next support zone around $ 1.40.
Selling Retest of S/R on $MAGICI'm selling this resistance test down to the previous support. Keeping it simple.
Magicusdtlong posion and after than short posion over 15 % reward its great for holders ,
Farsi : azizane man arz magic arz ayadeh dariye Fandamental Alli dare ... agar holdr hasti ta 9.80 $ hold kon ! ..., agar trader hasti az in signal estefadeh kon ( binance trad mikonam man ) va kotah modat trade mikonam
in arz arzeh hold dare chon ayadeh kheli khobi dare va az hamin lan behet gool midam arz Magic va Uma arz haye +500% hastand
MAGICUSDT setup for longIn general, Magic is in an upward trend. After a correction, the upward trend has started again and the rest of the story is clear in the chart. But this is not an Financial advice and it is only my personal opinion and it may be wrong. #DYOR
magic analysis 1Hanalysis
magic/usdt/perpetual/bybit/1H
In this time frame, the price chart has an ascending bullish flag pattern.
As you can see, the price is moving in a downward channel, and due to the price hitting the ceiling of the channel, we will expect the price to correct to the support floor of the channel, i.e., the range of 0.786, and after hitting this level, expect the impulsive movement first up to The ceiling of the channel means the 0.5 Fibonacci level, and if we cross this level, we will expect a further rise to the 0.236 Fibonacci level.
Price targets:
1.6118 - 1.8454 - 2.1068
MAGICUSDT Resistance Breakout!MAGICUSDT (4h Chart) Technical analysis
MAGICUSDT (4h Chart) Currently trading at $2.17
Buy level: Above $2.16
Stop loss: Below $1.66
TP1: $2.6
TP2: $2.9
TP3: $3.2
TP4: $3.8
Max Leverage 2x
Always keep Stop loss
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MAFIC Analysis (4H)Hi, dear traders. how are you ? Today we have a viewpoint to SHORT/LONG 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
0.382 heavy resistanceAlthough the momentum is bullish, the strong resistance would lead to a retracement.
