🔥 $MAGIC Update – Slow Grind, Bullish Bias
$MAGIC is consolidating cleanly right now and I’m leaning bullish. It’s not a hype pump or parabolic move — this feels like controlled accumulation. Momentum is building quietly.
Volume confirms it for me. Recent pushes came with real buying pressure (298M+), not thin liquidity spikes. Short-term flows are mixed on the 1H, but 6H–8H inflows are turning positive, and spot data shows steady accumulation. Sentiment is clearly shifting.
I’m cautiously optimistic here. I like as long as structure stays intact.
📌 Trade Setup – Perp
Bias: Bullish continuation after consolidation
Entry Zone:
Primary: 0.0923–0.0950 (support hold / pullback buy)
Alternative: Break and acceptance above 0.1055 with strong volume
Targets:
TP1: 0.1103 (key resistance)
TP2: 0.1175 (extension if momentum expands)
Stop Loss:
0.088 (below structure support, risk kept tight)
🧠 Why This Setup Works
Price is consolidating above a strong support zone, not breaking down
Volume expansion on green candles shows real demand
Higher-timeframe inflows suggest accumulation, not distribution
Clear invalidation level keeps risk defined
Upside offers favorable risk-to-reward if breakout confirms
I’m not chasing — I’m either buying support or strength with confirmation. If volume dries up or support fails, I’m out. Simple plan, clean structure.
What’s your take on $MAGIC — bullish continuation or still waiting?
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