MAGICUSDT trade ideas
🔥 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.
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
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
MAGIC token formed bullish Gartley for upto 24.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of MAGIC token with US Dollar pair.
Recently we caught more than 93% pump as below:
Now on a 4-hr time frame, MAGIC has formed a bullish Gartley move for another price reversal move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade