đ„ MAGIC/USDT Trade Idea â Tight Coil Before the Storm? đš
Price is compressing near key support, and Bollinger Bands are squeezing! A move is coming. Let's break it down đđ§”
#Crypto #MAGICUSDT #Altcoins #TradingView #Beginnersguide
Technical Snapshot đ§
đą Support:
âą Strong: $0.2050
âą Medium: $0.2080
đŽ Resistance:
âą Medium: $0.2108
âą Strong: $0.2150
MACD: Bearish â
RSI: Near oversold đ
Potential Entry & Targets đŻ
đ„ Entry Point: $0.2060
đŻ Target 1: $0.2080
đŻ Target 2: $0.2108
đŻ Target 3: $0.2150
Stop-loss: $0.2045 đ«
Risk:Reward ~ 1:2.5+
Strategy Tip đ§Ș
đč Scalp traders: Bounce play likely from $0.205x
đč Swing traders: Safer play above $0.2108
đ Below $0.2045 = invalidation
Chart Signals đ§Ÿ
đ 15m: Downtrend cooldown
đ 1H: Consolidating, BB squeeze = volatility coming
Volume low = watch for breakout confirmation!
â ïž DISCLAIMER
Not financial advice. DYOR before trading. Use stop-losses & position sizing. The market doesn't care about hope â manage your risk. đ
Trade Here $MAGIC