technical analysis for $MAGIC /USDT with trade signals and target levels:

Current Price: $0.5995

Trend: Bullish

The price is showing an upward movement, gaining +12.29% in the past 24 hours, signaling a strong bullish sentiment. Trading volume is moderate, indicating active interest from both buyers and sellers.

Key Support and Resistance Levels

Support Level: $0.5326 (24h Low)

Resistance Level: $0.6002 (24h High)

Target Levels 🎯

1. Target 1: $0.6100 – A short-term resistance, where the price could face selling pressure. A potential take-profit point for those looking for early profits.

2. Target 2: $0.6200 – A psychological resistance level, potentially acting as a barrier for further gains.

3. Target 3: $0.6300 – If bullish momentum continues, the next resistance is around $0.6300, a key level to monitor for a possible breakout.

Trade Momentum

Bullish Momentum: The price is moving upwards with solid buying interest. The increase in price, along with moderate trading volume, supports the bullish trend.

RSI (Relative Strength Index): Monitor the RSI to see if it approaches 70, indicating overbought conditions and a possible pullback. If below 70, the bullish trend is likely to continue.

MACD (Moving Average Convergence Divergence): The MACD indicator should confirm bullish momentum if it's showing a positive crossover.

Trade Signal

Buy Signal: Consider entering the trade at the current price ($0.5995) or on a slight pullback toward $0.5800.

Stop Loss: Set a stop loss at $0.5300, just below the recent low, to manage risk in case of a reversal.

Take Profit: Target profits at the three levels mentioned above, scaling out as price moves higher.

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