$MAGIC $MAGIC Here’s a professional analysis of the $MAGIC /USDT chart:

### **Support and Resistance Levels**

- **Support Level**: The nearest support level is around **0.3085**. This is the lowest price it reached in the last 24 hours.

- **Resistance Level**: The nearest resistance level is around **0.4003**. This is the highest price it reached in the last 24 hours.

### **Entry Signal**

- **Entry Signal**: The current price is **0.3199**. Given the recent breakout from a descending channel pattern on the daily time frame, this suggests potential bullish momentum. Look for increased volume to confirm the breakout.

### **Stop Loss and Take Profit Levels**

- **Stop Loss**: Set your stop loss just below the support level, around **0.3000**.

- **Take Profit**: Set your take profit target around the resistance level, around **0.4003**.

### **Additional Considerations**

- **Volume**: Increased volume is a good indicator of a sustained upward trend.

- **Market Sentiment**: Keep an eye on overall market sentiment and news that might impact the price of MAGIC.

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