$MAGIC

Point Analysis and Long/Short Direction Prediction

Market Analysis

Current MAGIC/USDT price is 0.5993, slight increase +0.79%.

• Moving Average Analysis:

• MA(7): 0.5841 (short-term support level)

• MA(25): 0.6272 (short-term resistance level)

• MA(99): 0.6205 (medium to long-term resistance level)

• MACD:

• DIF and DEA are below the zero line, MACD value -0.0041, bearish momentum is weakening, short-term rebound trend.

• Trading Volume:

• Trading volume has slightly increased, market buying pressure is enhancing, rebound momentum is appearing at lower levels.

Support and Resistance Levels

• Support Levels: 0.5841 / 0.5599 / 0.5087

• Resistance Levels: 0.6205 / 0.6272 / 0.6603

Operation Suggestions

Long Position Strategy

• Entry Point: Around 0.5841 (enter during pullback support)

• Add Position Point: 0.5599

• Stop Loss: 0.5500

• Take Profit Targets: 0.6205 / 0.6272

Short Position Strategy

• Entry Point: Around 0.6205 (short on rebound resistance)

• Add Position Point: 0.6272

• Stop Loss: 0.6350

• Take Profit Targets: 0.5993 / 0.5841

Trend Prediction

MAGIC's short-term performance is slightly volatile; if the price breaks through 0.6205, it will test the resistance areas of 0.6272 and 0.6603; if it falls below the support level of 0.5841, the price may retest 0.5599.

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