$MAGIC /USDT Trading Signal – Sideways Action Before the Next Move?
$MAGIC is up 10.09% in the last 24 hours, trading at $0.5238. The price has been moving sideways after touching a high of $0.5589, indicating possible consolidation before a breakout or breakdown.
Entry Zone:
$0.5150 - $0.5250 for long positions.
Targets:
1. $0.5500 (Immediate resistance level)
2. $0.5800 (Key mid-term target)
3. $0.6200 (Major resistance level)
Stop Loss:
$0.4950 to manage risk effectively.
Observations:
Consolidation around $0.5200 could act as a springboard for the next leg up.
Monitor volume closely for confirmation of breakout direction.
Keep an eye on $0.5500 as a critical level to break for bullish momentum.