Hello crypto enthusiasts! Let's look at the current situation #MAGIC and see what possible entry and exit points we can use. 🌐
📊 Analysis of liquidations and support and resistance levels:
Support Levels:
$0.40: A strong support level from which the price has bounced several times. $0.50: The next important support level that can be tested in case of a fall.
Resistance levels:
$0.70: The first resistance level, if broken, further growth can be expected. $0.80: A strong resistance level that the price can test during a bullish movement.
Possible entry and exit points:
Entry Point: Consider buying near the $0.50 support level if the price holds at this level. Exit Point: Plan to sell near the $0.70 and $0.80 resistance levels to take profits.
Price movement forecast:
The price is expected to fluctuate between support and resistance levels. If the resistance of $0.70 is broken, an increase to $0.80 and higher is possible. If the price breaks the $0.50 support, the next target is $0.40.
Stop loss:
Set a stop loss just below the $0.48 support level to minimize losses in case of further declines.
Summary:
Entry: $0.50Exit: $0.70 - $0.80 Stop loss: $0.48
📉 Be careful and manage your risks! Cryptocurrencies can be very volatile. 📈
#Криптовалюта #Investment#Trading #КриптоАнализ #Binance
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