Hey traders!
#MAGIC has shown strong volume over the past few days, and now it's consolidating sideways – hovering just above a key support zone. This kind of setup often signals that a bigger move is brewing... but which way?
Here’s what we’re watching:
✅ Support holding firm – buyers seem to be stepping in around this level.
✅ Volume remains healthy, indicating continued interest.
✅ Price is coiling, setting the stage for a potential breakout.
📌 Our Plan:
We’re eyeing a breakout above the resistance level for confirmation of the next leg up. Once that happens, we’ll look for a retest of the breakout zone as our entry point for a long position – backed by proper risk management, of course! 💯
🎯 Target: Previous highs
📉 Invalidation: Clear breakdown below support
What do you think? Are you watching MAGIC too? Drop your thoughts, charts, or setups below! Let’s build together. 🔥👇
#MAGIC #Altcoins #CryptoTrading #BreakoutSetup #PriceAction #SupportAndResistance #VolumeAnalysis #TradeSetup #TradingView #CryptoCommunity
#MAGIC has shown strong volume over the past few days, and now it's consolidating sideways – hovering just above a key support zone. This kind of setup often signals that a bigger move is brewing... but which way?
Here’s what we’re watching:
✅ Support holding firm – buyers seem to be stepping in around this level.
✅ Volume remains healthy, indicating continued interest.
✅ Price is coiling, setting the stage for a potential breakout.
📌 Our Plan:
We’re eyeing a breakout above the resistance level for confirmation of the next leg up. Once that happens, we’ll look for a retest of the breakout zone as our entry point for a long position – backed by proper risk management, of course! 💯
🎯 Target: Previous highs
📉 Invalidation: Clear breakdown below support
What do you think? Are you watching MAGIC too? Drop your thoughts, charts, or setups below! Let’s build together. 🔥👇
#MAGIC #Altcoins #CryptoTrading #BreakoutSetup #PriceAction #SupportAndResistance #VolumeAnalysis #TradeSetup #TradingView #CryptoCommunity
Trade active
Trade is active, MAGIC break the support level, and also retesting the support level, If u miss the trade this is the best buying price.Note
Trade is active, move ur SL at 0.20. and wait for the TP. Trade closed: stop reached
SL Hit
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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.