$MAGIC Strong bullish recovery after a sharp sell off. Price reclaimed key resistance with a powerful impulse candle, showing buyers stepping in aggressively.
MAGIC Long
Trade Plan
Entry $0.0710 to $0.0740
Stop Loss $0.0665
Take Profit 1 $0.0780
Take Profit 2 $0.0825
Take Profit 3 $0.0880
Why this setup
Clear V shape recovery indicating strong demand from lows
Breakout above recent range resistance on high momentum
Bullish structure on lower timeframes after higher low formation
Market sentiment turning positive with volume expansion
Will MAGIC continue this breakout or come back for a shallow retest before next leg
Buy and Trade $MAGIC here 👇👇
MAGICUSDT
Perp.
0.0709
+1.28%