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#MAGIC Analysis:
The current price currently trading at a support level. This support area is of great importance as it has historically acted as a strong barrier for downward price movement. The fact that MAGIC also breaks the long downtrend line further adds to the positive outlook for the asset
It is important to note that trading decisions should be based on thorough analysis, taking into consideration other technical indicators and market factors. Therefore, it is advisable to closely monitor the price action and to use appropriate risk management strategies when building long positions.
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