$MAGIC

/USDT Technical Analysis & Trade Signal💯🔥🔥

Current Price: 0.4968 USDT

24h Price Change: +19.31%

Technical Indicators:

Resistance Levels:

0.4996 (Recent high)

0.5027 (Strong resistance)

Support Levels:

0.4151 (24h low)

0.4345 (Minor support)

Momentum:

Bullish Trend: The price has risen by 19.31%, indicating strong buying momentum. RSI may show some upward pressure, but not overly overbought.

Volume: Decent volume of 12.31M MAGIC traded, suggesting active market participation.

Trade Signal:

Buy: Above 0.4968, on any dips towards support levels (0.4800 or 0.4345), with confirmation of buying momentum.

Sell: Near resistance levels at 0.4996 and 0.5027.

Targets:

1. Target 1: 0.4996 – Resistance level, likely a consolidation point.

2. Target 2: 0.5027 – Potential breakout zone with further bullish movement.

3. Target 3: 0.5200 – Extended bullish move if momentum continues.

Stop Loss: Set below 0.4572 to protect against potential pullbacks.

Overall, the momentum is positive, with opportunities to buy near support for an upward trend continuation toward target levels.

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