I’m watching $MAGIC
closely as it coils tightly, ready for a big move. The price recently hit 0.1215 and got rejected, now trading in a razor-tight range — a perfect sniper zone. Sellers are defending 0.1215 while buyers are holding 0.1120–0.1130. One breakout either way could trigger a sharp move, making it an ideal setup for traders.
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:
This setup works because $MAGIC is consolidating tightly after a rejection at key resistance, creating clear levels for both buyers and sellers. Entering near support or resistance gives a defined risk-to-reward, while stop-losses protect against false breakouts. The tight coil indicates momentum is building, so a breakout in either direction is likely and could result in a strong move.
I’m planning to watch for price action near these zones and enter based on breakout direction, targeting clean gains while keeping risk controlled.
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