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The $MAGIC/USDT pair has seen a huge surge, currently trading at $0.5298, representing a staggering 24.89% increase. The 15-minute chart reveals strong bullish momentum, with a 24-hour high of $0.5589 and a low of $0.4211. MAGIC’s 24-hour trading volume is 45.23 million, indicating strong market interest.
📈 Market Conditions:
The overall market sentiment is very positive, with strong buying pressure pushing the price higher. A break above the key resistance level at $0.5200 indicates a continued bullish move, making this a good moment for traders to enter the market.
📊 High Probability Trading Scenario:
- Entry: $0.5298
- Take Profit (TP): $0.5800
- Stop Loss (SL): $0.5100
📈 Market Outlook:
The bullish momentum is expected to continue with the price testing higher resistance levels. Traders should monitor key levels and trading volume to confirm the sustainability of this trend. The next few trading sessions will be crucial in determining the market direction.
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