đš $MAGIC /USDT ON THE EDGE OF EXPLOSION â A POTENTIAL BREAKOUT OR PULLBACK INCOMING! đš
The MAGIC/USDT pair is showing tremendous volatility, with a sharp upward move breaking through previous resistance levels! This could indicate the start of a new bullish phase, but caution is advised as the price consolidates. Letâs break it down:
đ„ Current Price: $0.4352 USDT
đ Resistance: $0.4831 USDT â This level poses significant pressure. If the price can break through here, it opens up potential for a larger rally towards $0.5000 and beyond!
đ Support: $0.4200 USDT â Should the price test and hold above this zone, the bullish momentum may continue. A breakdown below could lead to a retrace toward $0.3800.
đ Entry Strategies:
âą Long Entry: Above $0.4400 USDT with a target of $0.4800 and a stop loss at $0.4200.
âą Short Entry: Below $0.4200 USDT targeting $0.3800 with a stop loss at $0.4350.
đ Volume Surge: With increased volume, the market sentiment looks bullish, but a rejection from resistance could see a sharp pullback. Stay alert!
Keep an eye on the price action for the next big move!
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