Magic long setup:
Entry Zone: market price $MAGIC
Stop Loss (SL): 0.1069
Take Profits (TP):
TP1: 0.1354
TP2: 0.1580
TP3: 0.1825
Technical Analysis
Chart Pattern (1H)
$MAGIC appears to be forming a reversal pattern after a period of consolidation.
This suggests that selling pressure is waning and buyers are stepping in, potentially marking the start of a new upward swing.
Support & Resistance
Support: 0.1069 (critical for SL)
Resistance turned support: Price has broken above a previous resistance and is retesting it—a classic bullish retest.
Volume & Momentum
Rising volume alongside bullish candles signals stronger buying interest.
Momentum indicators likely favor bulls if the support holds.
Risk-Reward
With your SL at 0.1069, the risk is around 7–10% from the entry zone.
The first TP offers ~14% gain, second ~34%, third ~55%, making the risk-reward ratio very favorable if targets are approached sequentially.
