On the 1H timeframe, $MAGIC
MAGICUSDT
Perp
0.1037
+6.35%
USDT has posted a strong impulsive breakout with high momentum, followed by a healthy pullback and consolidation. Price is holding above the key demand zone, indicating buyers are still in control. The structure remains bullish as long as higher lows are maintained, suggesting continuation toward the next resistance levels after consolidation.
Entry Zone:
0.1060 – 0.1090
Targets:
TP1: 0.1180
TP2: 0.1265
TP3: 0.1380
Stop Loss:
0.0990
Risk Management:
Risk only a small portion of capital per trade and wait for confirmation within the entry zone. The setup is invalid below the stop-loss level.