VIP Market Update: $#MAGIC

➖➖➖➖➖➖➖

On the daily time frame level, the price action of $MAGIC formed a descending triangle pattern level with the price action currently respecting its horizontal support levels marked between $0.8467 and $0.6197 levels

Currently, PA is adhering to its demand zone levels and could bounce back from there.

However, all EMAs show resistance levels

➖➖➖➖➖➖➖