$MAGIC /USDT BULLISH RECOVERY ANALYSIS
Current Price: 0.1195
MAGIC is testing the mid-Bollinger band after bouncing from the lower band, indicating a potential bullish continuation if it breaks above 0.1272. Buyers are showing strength, and momentum favors the upside.
KEY LEVELS
Support Levels:
0.1160 – Immediate support
0.1125 – Lower Bollinger support
0.1048 – Major support zone
Resistance Levels:
0.1198 – Mid-band resistance
0.1272 – Upper Bollinger resistance
0.1335 – Next resistance
0.1510 – Major resistance (24h high)
TRADE SETUP (LONG)
Entry Zones:
0.1180 – 0.1200 (Current breakout zone)
0.1130 – 0.1155 (Pullback entry)
Targets (TP):
TP1: 0.1272
TP2: 0.1335
TP3: 0.1420
Extended TP: 0.1510
Stop Loss (SL):
SL: 0.1150
Safer SL: 0.1125
RISK MANAGEMENT
Risk only 1–2% per trade
Stick to stop loss
Avoid entering if price closes below 0.1160
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