$MAGIC
/USDT: Seeking Support ā Eyes on Rebound Potential šÆ
Current Price: 0.5203 (down -7.76% in 24 hours, slight uptick of +0.21% in the last 15 minutes).
Key Levels:
Support: 0.5174 (24h Low) ā Crucial level to monitor for a potential bounce.
Resistance: 0.5746 (24h High) ā A breakout above this could revive bullish momentum.
Trade Strategy:
Buy: Look for signs of a reversal near 0.5174, or wait for a breakout above 0.5300 for safer entry.
Stop-Loss: Place a stop below 0.5100 to limit downside risk.
Target Keys šÆ:
1. T1: 0.5300 ā Immediate resistance; take partial profits here.
2. T2: 0.5500 ā Stronger resistance if momentum builds.
3. T3: 0.5700 ā Key resistance near the 24h high; a breakout signals renewed strength.
Risk Management: Keep a tight stop below 0.5100 and watch volume closely for confirmation of a rebound or breakout.
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