I’m watching $MAGIC
closely as it coils tightly, ready for a big move. The price recently tapped 0.1215 and got rejected, now trading in a razor-tight range — a perfect sniper zone for smart entries. Sellers are strong at 0.1215, while buyers defend 0.1120–0.1130. One breakout either way could trigger a sharp move.
Long Setup:
Entry Zone: 0.1120–0.1135
Target 1: 0.1185
Target 2: 0.1215
Stop-Loss: 0.1095
Short Setup:
Entry Zone: 0.1198–0.1215
Target 1: 0.1155
Target 2: 0.1125
Stop-Loss: 0.1238
Why this setup works:
The setup works because $MAGIC is consolidating in a tight range after a rejection at key resistance. These levels act as clear zones for entries and exits, giving a defined risk-to-reward. Buying near support or selling near resistance allows me to position ahead of a likely breakout, with stop-losses protecting against false moves. The tight coil shows that momentum is building, making either a bullish or bearish move imminent.
I’m waiting for price action confirmation near these zones and planning to enter based on the breakout direction, aiming for clean targets with controlled risk.
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