Technical Analysis of $MAGIC

FDUSD
Created with Highcharts 9.1.1
0.3656
+0.88%

/USDT:

Current Price: $0.45

Trend: Slight upward momentum (+3.88%)

RSI: Suggests possible neutral to bullish momentum.

Support: $0.4228 (24h low), can act as a strong entry point.

Resistance: $0.4581 (24h high), next immediate resistance.

MACD: Showing mild upward crossover, indicating potential bullish momentum.

Trade Signal:

Buy Entry: $0.4450 - $0.4480 (Near current price)

Stop Loss: $0.4200 (Protect against a drop below 24h low)

Take Profit Levels:

1. Target 1: $0.4580 (Resistance level)

2. Target 2: $0.4650 (Next major resistance)

3. Target 3: $0.4800 (Extended bullish target)

Trade Momentum: The momentum is currently bullish, but monitor price movement closely. The market is volatile, so use a stop loss to manage risk, especially if there’s a reversal at resistance levels.

Note: This is a general technical overview. Always consider additional factors or risk management tools when trading.

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