$MAGIC is currently trading around 0.0964 USDT, up +4.1% in the last 24 hours. After a rejection from the 0.100–0.105 supply zone, price corrected and is now holding above the 0.095 demand area, suggesting stabilization rather than continued downside.

On the 1H timeframe, price action is compressing with smaller candles, indicating volatility contraction and potential preparation for the next directional move.

Trade Setup

Entry Zone:

• 0.0958 – 0.0966

Targets:

• Target 1: 0.0985

• Target 2: 0.1010

• Target 3: 0.1045

Stop Loss:

• 0.0945 (below demand and recent liquidity sweep)

Technical Logic

Strong demand defended near 0.0952

Selling pressure weakened after impulsive drop

Sideways consolidation suggesting accumulation

Bullish continuation favored while price holds above 0.0950

Acceptance above 0.0980 with volume would confirm continuation toward higher resistance levels.

A breakdown below 0.0945 invalidates the setup and increases downside risk.

#USCryptoStakingTaxReview #WriteToEarnUpgrade

MAGIC
MAGIC
--
--