Here’s a trade setup on MAGIC (4H timeframe):
MAGIC has shown a perfect rebound from the support trendline and is currently approaching a key resistance level. A breakout and close above this resistance would signal a bullish move, while a rejection could offer another opportunity to DCA or buy the dip.
Here’s the strategy we’ll follow:
~ Wait for breakout confirmation – if it breaks above, go long; if rejected, buy the dip.
~ Once the position is open, set profit targets between $0.20 to $0.30.
~ Use 5x–10x leverage (based on your risk appetite).
~ Set a stop-loss 2% below your entry price to manage risk.
🔔 Note: Always do your own research and analysis before investing.
Regards,
Dexter
MAGIC has shown a perfect rebound from the support trendline and is currently approaching a key resistance level. A breakout and close above this resistance would signal a bullish move, while a rejection could offer another opportunity to DCA or buy the dip.
Here’s the strategy we’ll follow:
~ Wait for breakout confirmation – if it breaks above, go long; if rejected, buy the dip.
~ Once the position is open, set profit targets between $0.20 to $0.30.
~ Use 5x–10x leverage (based on your risk appetite).
~ Set a stop-loss 2% below your entry price to manage risk.
🔔 Note: Always do your own research and analysis before investing.
Regards,
Dexter
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.