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MAGICUSDT trade ideas

📉 MAGIC/USDT Falling Wedge Setup! 📉📈 #MAGICUSDT is currently forming an intriguing Falling Wedge pattern on the chart, suggesting a potential bullish turnaround! 🚀 📉 The price action has been establishing lower highs and lower lows, outlining the falling wedge pattern. This pattern often implies a period of consolidation and declining selling pressure. 🧩 Falling wedges are renowned for their tendency to precede upward breakouts, which could indicate a forthcoming trend reversal and the initiation of a new bullish phase. 💡 Keep a close eye on the wedge's resistance and support levels to determine the possible direction of the breakout. 📊 Technical indicators are displaying hints of a potential reversal, lending further support to the bullish outlook. 🔔 Be on high alert for a breakout above the upper trendline, as it might serve as a signal for the start of a bullish trend. Plan your profit targets and stop-loss levels accordingly. 📅 Always practice prudent risk management and responsible trading. Conduct your own research before making any trading decisions. 🚨 Exciting possibilities await for #MAGIC! 🚨 Let's see how this Falling Wedge unfolds! 🤞 (Note: This post is for informational purposes only and should not be considered as financial advice. Trading carries risks, and past performance is not indicative of future results. Always conduct your due diligence and seek professional advice when needed.) #CryptoTrading #TechnicalAnalysis #BullishSetup #TradeSmart #DYOR #CryptoMarket #ChartAnalysis #EmbraceTheWedge #BullishTrend 🚀📈💹
Long
by STP_MrNodeItAll
#MAGIC USDTWhat Is Magic (MAGIC)? MAGIC is the utility token that connects gaming communities in the Treasure Metaverse: a decentralized NFT ecosystem which sits on Arbitrum, one of Ethereum’s Layer 2 scaling solutions. MAGIC is a cross-game currency that connects games, players, metaverses, and communities, all within Web 3.0. The token was launched in September 2021 so its community could buy and sell in-game NFTs on Treasure. It also acts as a reserve currency for Treasure’s metaverse. Players can earn MAGIC tokens by gaming, mining, and participating in Bridgeworld, Treasure’s flagship game. Treasure now hosts twelve other games on its platform, some of which allow you to use and generate MAGIC tokens like in Bridgeworld. These include Beacon, a free-to-play fantasy action rogue-lite RPG; and Realm, a world-building and exploration game. Who Are the Founders of Magic?
Long
by aytekus
1
MAGICUSDT is testing the key levelMAGICUSDT is currently displaying a Falling Wedge pattern. The Falling Wedge is a bullish chart pattern that often suggests a potential trend reversal from a downtrend to an uptrend. It is formed by connecting lower highs and lower lows with two converging trendlines, creating a wedge-like shape. Given that the price is currently testing the key level at $0.8, this level is critical as it could potentially act as a resistance within the Falling Wedge pattern. According to Plancton's rules, traders will closely monitor the price action as the market tests this key level. If the price successfully breaks out above $0.8 with a decisive and substantial increase in trading volume, it would be considered a breakout signal. Should the breakout occur, Plancton's rules would suggest a "new long" trade. This means that traders would consider opening a long position on MAGICUSDT, anticipating a continued upward movement in the price. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
10
MAJIC /USDT watchful steps?!!👀 🚀MAJIC Today Analysis💎Majic USDT is primed for a breakout from its descending channel. The significant volume shown by VVRP could be a strong catalyst for this breakout. 💎In a broader perspective, it's also trading in a triange pattern that's typically on the brink of a breakout. 💎Another factor to consider is that it's trading in a high-demand area, and the overall market conditions are indicating bullish momentum. Notably, BTC, the king of crypto, is also showing significant bullish movement. 💎The box represents an area where the price might experience a pullback due to market uncertainty. However, it's likely to resume its bullish journey from here. Below this, we have a strong support level. 💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey!
Long
by MyCryptoParadise_Simon
2
MAGICUSDT may head up for resistance around 0.8336-0.8520The price is trading in a zone where it experienced free fall on the recent drop a few day ago. The next resistance for the price is 4h resistance 4HR1 as marked on the chart. This resistance zone sits around 0.8336-0.8520. The probability of the price to aim for this 4h resistance is high. Therefore a long is favorable here. However, there is a reasonable probability of the price to revisit the support zone below specially 4h support 4HS1 and probably 4HS2. Therefore, a better entry for the long would be those levels.
Long
by angela_altair
#MAGICUSDT (Watchlist) 5-2023 Add BINANCE:MAGICUSDT to your watchlist. When we suggest adding a coin to your watchlist, it means it's forming a pattern or approaching a historical bottom, near or above a good support level, displaying increased trading volume, showing a reversal candle, in an accumulation stage, etc. However, we haven't seen any bullish reaction yet, so we recommend adding it to your watchlist until the right time for entry. Note: This isn't financial advice, but an analysis of coin movement (not a buy or sell signal). Before following any ideas, do your own research and practice good risk management. You can't impose your opinion or force it to happen in the cryptocurrency market. So, be prepared for any outcome. Remember, the cryptocurrency market is highly volatile and involves both gains and losses. Understand the risks before investing. Good luck to everyone, and we hope that Allah reconciles and repays us all. 🙏
Long
by HamadaMark
1
MY BIAS ON MAGICUSDT FOR SHORTMagicusdt 15M TF Analysis , For This TF My Bias Is Short As It Tested 15M Supply Zone And Got Rejected Creating Fair Value Gap And Created Divergence On 5M TF RSI.Break Of Stracture Happened On 5M TF,Before Breaking Grabbed Multiple Liquidity.Support Got Broken And Later Acting As Resistance ,Resistance Acted As Support For A Short Time But Eventually Got Broken.I Am Gonna Focus On Premium Zone For Entry.And There Are Some Liquidity Resting On Upside Thats why I Am Thinking it will go up and take them and tap into my entry. i am gonna have two entry FIRST ENTRY ENTRY - 0.9241 SL - 0.9375 TP- 0.8923 RR - 1:2.37 SECOND ENTRY ENTRY - 0.9294 SL - 0.9400 TP- 0.8923 RR - 1:3.5 MEXC:MAGICUSDT.P
Short
by GunGravE_T
2
MY BIAS ON MAGICUSDT IS SHORTMEXC:MAGICUSDT.P Magicusdt 15M TF Analysis , For This TF My Bias Is Short As It Tested 15M Supply Zone And Got Rejected Creating Fair Value Gap And Created Divergence On 5M TF RSI.Break Of Stracture Happened On 5M TF,Before Breaking Grabbed Multiple Liquidity.Support Got Broken And Later Acting As Resistance ,Resistance Acted As Support For A Short Time But Eventually Got Broken.I Am Gonna Focus On Premium Zone For Entry.And There Are Some Liquidity Resting On Upside Thats why I Am Thinking it will go up and take them and tap into my entry. i am gonna have two entry FIRST ENTRY ENTRY - 0.9241 SL - 0.9375 TP- 0.8923 RR - 1:2.37 SECOND ENTRY ENTRY - 0.9294 SL - 0.9400 TP- 0.8923 RR - 1:3.5
Short
by GunGravE_T