đ¨ $MAGIC /USDT: EXPLOSIVE GAINS AND STRATEGIC OPPORTUNITIES â DONâT MISS OUT! đ¨
The MAGIC/USDT 15-minute chart is showing a clear breakout with the price currently at $0.4308 (+15.47%). After a significant rally from $0.3583, MAGIC is entering a consolidation phase. Hereâs how to play this momentum-driven move:
đĽ Key Support: The $0.4200 level is acting as immediate support. A retest here would be a great entry for a quick bounce.
đĄ Major Resistance: MAGIC faces tough resistance at $0.4831. A breakout above this level could signal further upside, with potential to test higher at $0.5000.
đ Entry Strategy:
⢠Long Entry: If the price bounces off $0.4200, consider entering a long position with a target of $0.4830. Set a stop loss at $0.4100 to manage risk.
⢠Short Entry: If the price fails to break $0.4831 and shows rejection, a short position can be taken, targeting a pullback to $0.4000 with a stop loss at $0.4900.
đ Short-Term Outlook: Watch for a surge above $0.4831 for a quick trade towards the $0.50 zone.
â ď¸ Long-Term Play: If MAGIC breaks down below $0.4200, expect a drop back toward $0.4000 or lower. Use caution during retracements to avoid getting caught in potential shakeouts.
Time to act fast and stay vigilant for the next big move in MAGIC/USDT!
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