Magic Short IdeaWill try to short the market here, will enter at the rejection candle at M15. Risky trade to short right now, but i will see my plan through. Key levels plotted below for possible Take Profit.
Much better for market right now to break structure in lower time frames to validate my trade outcome more.
MAGICUSDT.P trade ideas
Front Test Long: MagicI already set up Order blocks, and used the Fib tool for support and resistance. Saw earlier that Magic retested in the major descending channel after it broke out the minor ascending channel it would retest in the middle section of the major descending channel and has an bullish ob. Targeted the bearish ob turned into supply and demand as a target around (1.4120). Then again follow 10-20 percent for Discipline in TP.
Magic Short IdeaPrice action is making higher highs in 15 minutes time frame, while RSI indicates lower highs. Bearish Divergence playing out in 15 minutes time frame. Waiting for price to break structure of the low that made the higher high.
If so, might look for short ideas , and might consider for BSL to be swept for a better setup.
🔥 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