MAGICUSDT may head up for resistance around 0.8336-0.8520
Aggiornato
The 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.
Trade chiuso: obiettivo raggiunto
This worked out pretty well. As per the expectation, the price dipped till 4HS2 and then bounced from there to reach our target towards 4h resistance 4HR1. Now the price is facing pullback from that resistance.
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