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MAGICUSDT trade ideas

MAGICUSDT is testing the key levelMAGICUSDT is currently displaying a Falling Wedge pattern. The Falling Wedge is a bullish chart pattern that often suggests a potential trend reversal from a downtrend to an uptrend. It is formed by connecting lower highs and lower lows with two converging trendlines, creating a wedge-like shape. Given that the price is currently testing the key level at $0.8, this level is critical as it could potentially act as a resistance within the Falling Wedge pattern. According to Plancton's rules, traders will closely monitor the price action as the market tests this key level. If the price successfully breaks out above $0.8 with a decisive and substantial increase in trading volume, it would be considered a breakout signal. Should the breakout occur, Plancton's rules would suggest a "new long" trade. This means that traders would consider opening a long position on MAGICUSDT, anticipating a continued upward movement in the price. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
10
MAJIC /USDT watchful steps?!!👀 🚀MAJIC Today Analysis💎Majic USDT is primed for a breakout from its descending channel. The significant volume shown by VVRP could be a strong catalyst for this breakout. 💎In a broader perspective, it's also trading in a triange pattern that's typically on the brink of a breakout. 💎Another factor to consider is that it's trading in a high-demand area, and the overall market conditions are indicating bullish momentum. Notably, BTC, the king of crypto, is also showing significant bullish movement. 💎The box represents an area where the price might experience a pullback due to market uncertainty. However, it's likely to resume its bullish journey from here. Below this, we have a strong support level. 💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey!
Long
by MyCryptoParadise_Simon
2
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
#MAGICUSDT (Watchlist) 5-2023 Add BINANCE:MAGICUSDT to your watchlist. When we suggest adding a coin to your watchlist, it means it's forming a pattern or approaching a historical bottom, near or above a good support level, displaying increased trading volume, showing a reversal candle, in an accumulation stage, etc. However, we haven't seen any bullish reaction yet, so we recommend adding it to your watchlist until the right time for entry. Note: This isn't financial advice, but an analysis of coin movement (not a buy or sell signal). Before following any ideas, do your own research and practice good risk management. You can't impose your opinion or force it to happen in the cryptocurrency market. So, be prepared for any outcome. Remember, the cryptocurrency market is highly volatile and involves both gains and losses. Understand the risks before investing. Good luck to everyone, and we hope that Allah reconciles and repays us all. 🙏
Long
by HamadaMark
1
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
Short
by GunGravE_T
2
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
Short
by GunGravE_T
Magic : It has growth potential, but be carefulDisclaimer High Risk Investment Trading cryptocurrencies and Forex carries a high level of risk, and may not be suitable for all investors. Before deciding to trade cryptocurrency you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency and Forex trading, and seek advice from an independent financial advisor. Since Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. The Bibres will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. All opinions expressed are owned by the respective writer and should never be considered as advice in any form. A qualified professional should be consulted before making any financial decisions. -------------------------------------------------------------------------------------------------------------------
Long
by TraderBibres2003
1
MAGICUSDT, It's so magical !? 🪄Hello guys, Everything is explained on the chart for you like always. Magic is a new token in metaverse and gaming category. The price on the support after a heavy correction, I think that it can grow well in the next bull run. Good luck. If you like the idea, do not forget to support with a like and follow me for next analysis :) Write your comment and opinion below to me . Salam be doostan, hame chiz rooye chart baraye shoma moshakhas shode. Magic yek token jadid dar shakhe metaverse va gaming hast. gheymat baad az yek eslaah sangin bar rooye hemayat hastesh. man fekr mikonam ke dar harkat soodi badi bazar mitone roshde khobi dashte bashe. (tosiye maali nist). mitoonid tooye watch lsitetoon negah darid. lotfan modiriyat sarmaye va risk dashte bashid. moafagh bashid. like va follow faramoosh nashe :)
Long
by ArashBanakar
1