MAGIC Long Strategy (Counter-trend light position, biased towards short-term rebound)
Initial Long Position Range: 0.102 ~ 0.104 USDT
Close to the current price, can use about 10% of total funds for a light long position test.
Increased Position Range: 0.096 ~ 0.099 USDT
A demand for a drop with increased volume followed by a decrease in volume to stabilize or a quick rebound, then increase in two batches, each time 5%~10% of the funds.
Final Stop Loss: 0.092 USDT
A valid breakdown with increased volume is considered as the main force continuing to sell, all stop loss and exit.
Take Profit Target One: 0.112 ~ 0.115 USDT (Priority to reduce position by 50%)
Take Profit Target Two: 0.118 ~ 0.122 USDT (Remaining position to take profit in batches)
MAGIC shorting strategy (trend-following but be cautious of overcrowded shorts and control leverage)
First short position entry range: 0.112 ~ 0.115 USDT
If the price rebounds to this level and shows increased volume with no strength to break through, you can use 10% of funds or a low leverage light position to try shorting.
Short entry range: 0.118 ~ 0.124 USDT
If the main force pulls higher but there is a divergence in volume and price, add to the short position in two parts, using 5%~10% of funds each time.
Final stop loss: 0.128 USDT
If there is a breakout with increased volume and it stabilizes above, consider it as shorts being forced to cover, and immediately set stop losses.
Take profit target one: 0.104 ~ 0.101 USDT (liquidate 50% of the position)
Take profit target two: 0.098 ~ 0.095 USDT (partial take profit on remaining position)
Operation reminder
MAGIC currently is a battle period between the main force and short sellers, with extremely bearish funding rates, making rapid pullbacks likely; when shorting, be sure to control leverage and set strict stop losses.
Regardless of bullish or bearish suggestions: adopt a staggered position building + trailing stop profit strategy, do not go all in at once.
