$MAGIC /USDT Trading Signal - Bullish Momentum in Play!
Analysis: The $MAGIC /USDT pair is displaying strong bullish momentum, with the price currently trading at $0.6042 (+12.83%). With increasing volume and strong breakout signals on the hourly chart, further upside potential is anticipated.
Long Trade Setup:
Entry Zone: $0.5900 - $0.6050
Stop Loss: $0.5700 (Manage Risk)
Take-Profit Targets:
1. Target 1: $0.6250
2. Target 2: $0.6400
3. Target 3: $0.6650
Observation: If the price breaks above $0.6067 (recent high), expect accelerated gains. However, watch for potential resistance near $0.6250.
Risk Management: Secure partial profits near each target and adjust stop loss to breakeven once Target 1 is achieved.