Magic for the people, the boys are rippin Magic, if it can hold this 80 range on the retrace maybe higher, if not and it breaks purple its a long way down
MAGICUSDT trade ideas
#Magic #Magic
Magic is poised for a significant bullish breakout, with a potential 180-200% rally in the midterm if the price can break above the descending channel resistance.
Magic will be very bullishMagic looks very bullish once it can flip this supply zone in red, however if it reject it here, it can drop back to test the 100MA around .64 before pushing higher.
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.
Second MagicUSDT ScenarioPresenting my second analysis for MAGICUSDT. In this assessment, I'm taking into account the potential impact of a Bitcoin correction. If such a correction occurs, I believe this analysis holds merit. Please refer to the attached photo for the primary trend line.
MAGIC USDT (Long Position Setup)Technical Analysis behind MAGIC USDT trade:
1. Supported by the immediate support area & Trendline
2. MFI(Money Flow Index) above 50, a bullish sign.
3. Supported by the 200 Days SMA .
4. RSI is at 40, a bullish sign.
5. Volume analysis also supports the trade.
🚨 Trade Alert: MAGIC/USDT (3-5x)🚨 New Trade Alert 🚨
✅ MAGIC/USDT (3-5x)
📈 LONG Entry Zone: 0.844 - 0.89
⛔️ SL: 0.803
🔒 Breakeven Move: When it moves close to TP2
🎯 Take Profit:
Short Term: 0.90 - 0.91 - 0.93 - 0.95 - 0.97
Mid Term: 0.99 - 1.03 - 1.06 - 1.09
📝 Ensure you set entry orders to balance the trade's entry and aim to secure 30% of profits within the first two targets. Once profits are gained, adjust the stop orders to match the entry points or break-even levels.
⚠️ Disclaimer: Historical earnings cannot assure future outcomes. Is there a potential for risk? Certainly. The entire financial market is susceptible to uncertainties; any underlying factor or abrupt shift in market sentiment could overturn the current market trends and lead to losses. Refrain from undertaking undue risks that might jeopardize your financial stability. You are under no obligation to engage in this trade; kindly avoid the trade if you disagree with the trade analysis.
GIS TRADING®
magic very bullishat first we have a big trading range shown by black color that is broked up so our first target is height of the trading range
second , we have a big leg up ( yellow ) and two smaller leg up within it.
we had a correction wave that is broken up and so we are waiting for another big leg upward
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
