MAGICUSDT trade ideas
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!
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.
#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. 🙏
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
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
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.
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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 :)
MAGICUSDT Symmetric triangleMAGICUSDT is currently trading within a symmetric triangle pattern, characterized by a converging trendline of lower highs and higher lows. Traders can wait for a breakout of either the upper or lower trendline to confirm the direction of the next move, and enter a trade in the direction of the breakout.
MAGICUSDT IdeaBINANCE:MAGICUSDT BINANCE:MAGICUSD
⚠️🚨 Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
✅ Please write any advice or suggestions.
MAGIC | Massive Ascending triangle !#MAGIC/USDT
- The price is above a very clear trend line that pushed the price up and give us a bullish signal.
- but maybe there is a room for a possible pullback before testing the upper resistance line of the triangle or even break the triangle up.
🟢Entry price: from 1.46 to 1.4
🎯Targets:
|> 1.57
|> 1.74
|> 1.99
|> 2.16
🔴Stop-loss: Daily candle closes under 1.24
➡️Recommended risk: 0.25%
➡️Recommended total Positions Size: 1.92%
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