Magicusdtperp
#MAGIC/USDT#MAGIC
The price is moving within a descending channel pattern on the 4-hour frame and broke it upwards after adhering to it significantly
We have a downtrend on the RSI indicator and it was broken upwards and we have a trend to stabilize above it
We have a major support level in green at a price of .450
We have a trend to dot above the moving average 100
Entry price 0.5000
First target 0.5560
Second target 0.6000
Third target 0.6575
LONG SIGNAL MAGIC 1HHello dear traders
In MAGIC currency, there is a high potential range to buy
Be careful that the general trend is downward and we should take a long correction from this position
Unlike all friends who only analyze, I put a position for you and give you a direct signal
I hope it closes with a profit and you don't forget risk free
Thank you for your cooperation
MAGICUSDT Good Buy!MAGICUSDT Technical analysis update
Buy zone : Below $1.285
MAGICUSDT price has formed an ascending triangle pattern. The price is nearing the resistance line, and a breakout could indicate potential upward movement in MAGIC.
Support : $1.175
Resistance 1: $1.38
Resistance 2: $1.60
Resistance 3: $2.00
Always keep Stop Loss
MAGIC/USDT LAST SCENARIOI would like to share the latest status of our chart and explain why I didn't enter at the previous levels of $0.76-$0.77.
Since my target for this coin is over 30%, my priority is to enter positions with minimal risk to safely carry the position. What caught my attention, thanks to my alerts, was the consistent approach to our initial levels without breaking through. Currently, it has established that region as a support level.
A break below that region would mean taking more than a 10% risk for me. Considering the target we have in mind, this isn't ideal. Those who wish can still enter from these levels gradually.
However, for me, entering from the green area starting at $0.65, as you can see in the chart, seems much safer.
With my alerts active, placing orders when it reaches that point and waiting for the targets to be achieved is the most prudent strategy. I hope we achieve maximum gains with minimum risk.
MAGIC/USDT AnalysisI'm excited to share an analysis on MAGICUSDT that appears quite promising. Currently on a bullish trend with consistent buy signals, Magic seems poised for an intriguing move. Taking into account recent Bitcoin movements, our projection places Magic in the highlighted zone captured in the attached photo, roughly ranging between $0.76 to $0.77.
Trade Plan:
Target Price: $0.76 - $0.77
Expected Gain: 30%+
Risk Management: 5%
The risk-reward ratio is meticulously set at 5% risk for a potential gain exceeding 30%, a risk deemed acceptable given the current market conditions. For a detailed look at the potential stop scenario, please refer to the attached photo.
It's important to clarify that this isn't financial advice but an analysis we believe deserves consideration. As always, your individual decision-making is crucial. Whether you choose to join the position or not, it should align with your own assessment of the market.
Wishing everyone a profitable trade!
MAGICUSDT - Double Bottom Pattern!MAGICUSDT (1D Chart) Technical analysis
MAGICUSDT (1D Chart) Currently trading at $0.594
Buy level: Above $0.595
Stop loss: Below $0.5
TP1: $0.65
TP2: $0.75
TP3: $0.88
TP4: $1
Max Leverage 3x
Always keep Stop loss
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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.
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
MAGIC token formed bullish Gartley for upto 10.50Hi dear friends, hope you are well and welcome to the new trade setup of MAGIC token with US Dollar pair.
Our last successful trade of MAGIC was as below:
Now on a 4-hr time frame, MAGIC has formed a bullish Gartley move for another price reversal.
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
Magic Buy TradeHere is My Study on Magic. According to my study. Magic has just now Finshed the Retracement. And Ready to Jump Up.
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Crypto technical analysis uses past price history to predict future price. It's not a guarantee and shouldn't be relied on solely for investment decisions. Consider other factors such as market trends, economic strength and information dissemination. Use with caution.