$MAGIC /USDT BULLISH BREAKOUT 🚀
Key Levels:
- Current Price: $0.5292
- Support Levels: $0.5144, $0.4626
- Resistance Levels: $0.5589, $0.6857
Trade Setup:
- Entry: Long at $0.5292
- Take Profit (TP): $0.6857
- Stop Loss (SL): $0.4626
Risk Management:
- Risk/Reward Ratio: 3:1
- Position Size: Adjust according to your risk tolerance, typically risking 1-2% of your trading capital.
Summary:
We are looking for a long trade on $MAGIC/USDT due to a bullish breakout from a consolidation zone. The price has surged past the resistance level at $0.5144, indicating strong buying pressure. The next target is set at $0.6857, with a stop loss placed just below the breakout level to manage risk effectively. 📈💸
Happy trading and may the market be in your favor! 📈💸