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MAGIC / TetherUS

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MAGICUSDT trade ideas

#Magic 1D chartOMXTSE:MAGIC 1D chart; The first thing that catches our eye is that the price is back to the December 2022 level where it was listed The highest level it has ever seen is 5x It is currently in the bargain zone and it is possible to say that the price is working strongly at the lowest support level of $0.4142 As long as it does not lose this place, there does not seem to be a problem. After the squeeze with the falling trend lines, it is possible to see a sharp upward movement if the market allows. In the short term, $ 1 can be considered as the first target.
Long
by ugurtash
MAGIC returns to be madeOn the above daily chart price action has corrected 80%. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Support and resistance. Look left. See where price action is now testing for support? 3) The bull flag breakout + back test. The flagpole measures a 300% return. Is it possible for price action to correct further? Sure. Is it probable? No. Ww Type: Trade Risk: <6% Timeframe for long: Hours, yes you read that correct. Return: 300%
Long
by without_worries
38
15% correction MAGIC ?The price action around the 0.67 cents level seems to be weakening, indicating a possible break of this support area. This could lead to a correction to the level of 0.57 cents, representing a 15% decline. And if the downtrend line is broken, this analysis was inconclusive and you can wait for a buy position to enter. This analysis is based on technical indicators and price patterns and should not be considered as financial advice. Please do your research and consult with a financial advisor before making any investment decisions.
by Crypto-Oracle1
MAGIC/USDT is need to bounce and break the resistance for upward💎 The recent market dynamics surrounding #MAGIC have indeed been quite notable. Presently, MAGIC has bounced from the support level area, but there's a possibility it may undergo another round of testing at the support. 💎 For MAGIC to regain bullish momentum, it needs to successfully bounce and breach the resistance level around $0.95. 💎 Should MAGIC manage to bounce effectively and break above the resistance, it could pave the way for further upward movement, potentially leading to a test of our target strong resistance area. 💎 Conversely, if MAGIC fails to bounce convincingly from the support, it could signal bearish sentiment. In such a scenario, the price may break below support and continue its downward trajectory, potentially reaching lower levels. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
1
MAGIC/USDT it requires to bounce and break the resistance!💎 Paradisers, #MAGIC has recently undergone notable market dynamics. Currently situated at a critical support area, #MAGIC awaits validation through a bounce, which could set the stage for a breakout above the key resistance level at 1.195. 💎 Breaking above this resistance is pivotal for the next phase of the movement. If #MAGIC successfully breaches the resistance, it could signal further upward momentum, potentially leading to a retest of stronger resistance zones. 💎 However, should #MAGIC fail to break above the resistance, it may retreat to the support area to gather momentum for another attempt. 💎 If #MAGIC breaks below the support area, it would likely confirm a bearish sentiment, especially considering its prior breach of the ascending support trendline. Such a breakdown could lead to sustained downward movement, potentially testing lower support levels.
by MyCryptoParadise
MAGIC/USDT bullish momentum from demand ? 👀🚀Magic Analysis💎 Paradisers, it's time to cast our focus on #MAGICUSDT, as it's currently displaying indications of a bullish continuation from its present demand zone. 💎 From our previous observations, #Magic has shown a pattern of making an equal high trajectory followed by a decline. Currently, it's showing an increased likelihood of a bullish move from the demand level at $1.0557. If the price sustains its momentum at this level, we might witness a bullish climb towards the bearish Order Block (OB). 💎 However, as astute traders, we always keep an eye out for alternative scenarios. If #MAGIC fails to hold the demand level at $1.0557, we should be prepared for a potential bullish rebound from a lower demand level at $0.9363. Be aware that breaking below this level could trigger a substantial downward trend.
Long
by MyCryptoParadise_Simon
3