I’m watching $MAGIC after this small bounce on the 15m chart and I’m liking how price is holding above the recent pullback zone. Momentum is slowly shifting and I’m looking for a straightforward continuation move without extra noise.
Trade Setup
I’m planning this as a simple bounce-follow setup since price reclaimed support and is showing steady candles instead of aggressive selling. If volume strengthens a bit from here this move can open clean targets.
Entry Zone
0.1150 – 0.1160
Target Points
First target 0.1188
Second target 0.1215
Stop Loss
0.1128
Why this setup works
I’m taking it because price defended the lower wick zone and buyers stepped in again right where the structure needed support. The chart is forming higher lows on the micro timeframe which gives me a clear invalidation level and a clean path to targets.
MAGIC
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