MAGICUSDT trade ideas
MAGICUSDT.PMAGICUSDT.P is in bullish trend.
Bearish divergence shown in top of the trend.
Rising wedge reversal pattern also form .
We wait and watch for the wedge and last HL breakout.
MAGICUSDTMAGICUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the healthy retracement and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH
What you guys think of this idea ?
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!
Magic After A Successfull Trade Here is Another TryWelcome to our crypto exploration hub! We're here to navigate the exciting world of digital assets, providing you with comprehensive insights into market dynamics and potential trading opportunities.Our mission is to decode the crypto market's mysteries and equip you with the knowledge you need to make informed investment choices. From the latest developments in Bitcoin to the hidden potential of various altcoins, we're your trusted source for daily technical analysis.While technical analysis is a valuable tool, it's important to remember that it's just one piece of the puzzle. We encourage you to take a well-rounded approach to your investments, considering factors like macroeconomic trends, news, and community sentiment.Join us for the freshest analyses, and don't hesitate to join the conversation in the comments below. Keep in mind that our content is purely for educational purposes and should not be construed as financial advice. Always integrate it into your broader investment strategy."
MAGIC/USDTMagic is consolidating in a critical region.
This region was not broken down easily before, and it may not be broken up easily.
Support and resistance levels are shown on the graph.
Long-term expectations are higher and short term cannot be determined at the moment.
Support levels can be a good price for spot investments.
This is not a Financial Advice.
Smash up the like button if you like my idea.
Thanks :)
That Magic was magic indeedAfter a buy print and with good volume we did have some 152% profit.
Now wait for the price to cross that sell print or the pullback to buy levels
💡Trade Idea #MAGIC/USDT:Formed Rising Wedge on the 1D Timeframe. Divergence, bearish pattern. #MAGIC has the potential to go lower.
#MAGIC/USDT breaks the Diagonal Trendline in 1-Hour TF!#MAGIC/USDT breaks the Diagonal Trendline in 1-Hour TF!
Wait for Diagonal Trendline retest to open a long position. OMXTSE:MAGIC breaks the PMH $.656 resistance level.
Magic Is Ready For Magic Again**Short Fundamental Analysis**
MAGIC is the utility token of Treasure, a decentralized gaming ecosystem built on Arbitrum. MAGIC is used to purchase in-game items, participate in governance, and earn rewards. MAGIC is an ERC-20 token with a maximum supply of 347,714,007. As of November 20, 2023, there are 241,905,071 MAGIC tokens in circulation.
**Recent News**
* **October 31, 2023:** Treasure announces the launch of Bridgeworld, its flagship game. Bridgeworld is a play-to-earn game that allows players to earn MAGIC tokens.
* **November 10, 2023:** Treasure partners with SushiSwap to provide liquidity for MAGIC. This will make it easier for users to buy and sell MAGIC tokens.
* **November 17, 2023:** Treasure announces the launch of the Atlas Mine, a staking platform for MAGIC tokens. Stakers will earn MAGIC tokens as a reward for their participation.
**Disclaimer**
This is not financial advice. Please do your own research before investing in MAGIC.
MAGICMAGIC double bottom
Wait for a close candle above rectangle
It's not a financial advice
Always DYOR
MAGICUSDT bullish magicusdt full bullish , 4 hour time frame , tp mentioned , trade according to your wallet. if you like my idea and make profit , just comment me , your comment motivate me a lot
MAGIC target 0.734h time frame
-
MAGIC just broke out the downtrend line. It is creating a bottom structure and retesting the support zone around 0.55. If MAGIC is doing the potential symmetrical, we can see it reach 0.73 soon, and there are higher targets.
TP: 0.73 / 0.8 /0.9
SL: 0.525
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
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
MAGIC BULLISHMAGIC nice breakout on falling wedge on 1d, I will look out for long after double bottom formed at the breakout of the wedge hold above 0.595 after daily close for a bullish move
🚀 Magic USDT Long Signal - Awaiting the Perfect Entry at 0.4896🕒 Entry Strategy: Exercise patience for the optimal entry point at 0.4896 ⏳
📊 Pair: MAGIC/USDT
📈 Position: Long
🎯 Entry Price: Wait for the opportune moment at 0.4896 🎯
🎯 Profit Targets:
Target 1: 0.4977
Target 2: 0.5125
Target 3: 0.5323
Target 4: 0.5661
⛔ Risk Management: Safeguard your trade with a Stop Loss at 0.4707 ⛔
This trade beckons for precision and rewards the vigilant. May the magic unfold in your favor! 🌠🔮📈💼🚀🌟
MAGIC long dubble bottom and falling wedge!
BINANCE:MAGICUSDT
MAGIC froms a dubble bottom pattern and huge falling wedge!
first taget 0.77 + 80%
second 1.0 usd +134%
Just The Magic Idea!Hi traders...
BINANCE:MAGICUSDT CRYPTO:MAGICUSD KUCOIN:MAGICUSDT
⚠️ Disclaimer: The following insights reflect my personal perspective on the market, relying on publicly available information and historical data. While some opinions stem from my actual trades, others do not. I am not a financial advisor, and I bear no responsibility for your trading choices.
✅ Feel free to reach me out with any questions or recommendations. I am more than willing to assess and analyze any currency pair or index that piques your interest.
Comprehensive Analysis of MAGICUSDT: Awaiting a Bullish ReversalComprehensive Analysis of BINANCE:MAGICUSDT : Awaiting a Bullish Reversal
BINANCE:MAGICUSDT is currently trading close to its all-time low, presenting a potential buying opportunity. The Relative Strength Index (RSI) is signaling a massively oversold condition with a reading of 7.8, indicating a possible reversal in the near term. Additionally, a divergence is starting to manifest on the MACD, further suggesting a change in trend direction.
In September, MAGICUSDT attempted a breakout, although it turned out to be false. However, this retracement could be a necessary step for market confirmation before a potential uptrend. The coin has witnessed a substantial decline over the past 6 months, shedding 68.70% of its value1. Despite this, the fundamental utility of MAGIC as a cross-game currency in the Treasure Metaverse on Arbitrum's Layer 2 scaling solution hints at its potential for growth2.
Currently priced at $0.4299 with a market cap of $114,080,874 and a 24-hour trading volume of 37.66% $33,914,457, the token shows significant room for appreciation if market conditions favor.
Entry Strategy:
Entry: $0.43
Take Profit 1: $0.83 (Potential Profit: 93.02%)
Take Profit 2: $1.11 (Potential Profit: 158.14%)
Stop Loss: $0.38
Additional indicators suggest a mixed sentiment with Oscillators showing a neutral stance, while Moving Averages hint at a selling bias in the short term4. However, these technicals might shift with changing market dynamics.
This analysis is purely for educational purposes and not financial advice. It's crucial to conduct your own research and consult with a financial advisor before making any trading decisions. Trade at your own risk!
