$MAGIC
Notable bullish momentum – Definite entry opportunity!🔥💯
MAGIC/USDT is showing strong bullish momentum on the 30-minute chart, supported by V-shaped retracement and continuation patterns. A break above $0.475 confirms the positive sentiment, and the market is likely to see a rally towards the $0.50 level in the short-term.
Trade Setup:
• Entry: $0.475 - $0.478
• Target 1: $0.490
• Target 2: $0.500
• Stop Loss: $0.465
Analysis:
Recent price action shows continued buying interest, with volume indicating strong market participation. The market recovery from $0.4296 to the current level shows resilience, while pullbacks and consolidation suggest a strong support base.
Watch the $0.480 resistance level - if broken, the bullish momentum could accelerate. However, maintain proper risk management by sticking to the stop loss level in case of unexpected reversals.
This setup is for informational purposes and not financial advice. Always do your own research and trade responsibly.