$MAGIC โจ๐ MAGICUSDT Wakes Up! From $0.20 Reversal to Fresh Momentum ๐๐ฅ
---
๐ Chart Impression
Reversal Signal: MAGIC touched $0.2005 low (major support) and bounced strongly.
EMA Trend: Short-term EMA(7) curling upward, testing EMA(25) & EMA(99). A bullish cross could confirm momentum.
MACD: Just flipped positive โ early bullish signal โ
RSI(6): 69 โ moving toward overbought, but still has room to run.
STOCHRSI: 100 โ short-term overextension, possible minor pullback before continuation.
OBV: Increasing โ buying pressure building back.
Support Zone: $0.205 โ $0.210 (strong base).
Resistance Zone: $0.229 โ $0.246 (key breakout levels).
---
๐ฏ Trading Plan
๐ฅ Entry (Buy Zone): $0.210 โ $0.218 (on dip/retest)
๐ฏ Take Profit 1 (TP1): $0.229 (immediate resistance)
๐ฏ Take Profit 2 (TP2): $0.246 (local high)
๐ฏ Take Profit 3 (TP3): $0.260 (extended target if breakout confirmed)
๐ Stop Loss (SL): Below $0.200 (if support fails, bullish setup invalid).
---
โ ๏ธ Risk Notes
Bounce looks fresh & volume-backed, but indicators show overheated in the very short-term โ expect minor pullbacks.
Structure suggests accumulation bottom โ next move depends on volume sustaining.
---
โ Conclusion
MAGIC is showing a strong reversal from $0.20 with bullish confirmation signals (MACD, EMA curl, OBV).
Best play โ buy dips near $0.21 zone, take profits stepwise, protect with SL.
๐ Smart trading = plan entry + exit, not chasing candles.
