magicusdt big shortIn my opinion, this share can experience a huge decline with its structure name is big short
MAGICUSDT.PS trade ideas
MAGIC CAN MAKE A CORRECTIONHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the MAGIC symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
AnalysisJust my Technical Analysis for MAGIC. H4 time frame suggests that price is going up > lower time frames (H1&M15 going bearish for now). Insights for Magic will be to long as the market shows.
Below are my POI ( point of interests, where i would place my orders either for spot or futures) invalidation would be if we break the low in D1 time frame.
Magic Short IdeaWill try to short the market here, will enter at the rejection candle at M15. Risky trade to short right now, but i will see my plan through. Key levels plotted below for possible Take Profit.
Much better for market right now to break structure in lower time frames to validate my trade outcome more.
MAGIC : UPCOMING TRENDThe upcoming trend for MAgic, the trend will show it this coin is able to gain the next levels as the chart shows the coming time.
For day traders it's always good to take TP in steps when the trade is into green
Some levels are for the long term.
Front Test Long: MagicI already set up Order blocks, and used the Fib tool for support and resistance. Saw earlier that Magic retested in the major descending channel after it broke out the minor ascending channel it would retest in the middle section of the major descending channel and has an bullish ob. Targeted the bearish ob turned into supply and demand as a target around (1.4120). Then again follow 10-20 percent for Discipline in TP.
Harmonic Crab Long on MagicA Crab Harmonic pattern is detected on Magic coin targeting the top PRZ level
Front test: ShortFound a 15 min ob for entry and saw it retested the channel, and failed to go back. Will target the recent high low in 15 min.
Magic Long IdeaMarket is making higher highs and lower highs, a bullish orderflow is playing out. Consider BTC's movement.
Magic Short IdeaPrice action is making higher highs in 15 minutes time frame, while RSI indicates lower highs. Bearish Divergence playing out in 15 minutes time frame. Waiting for price to break structure of the low that made the higher high.
If so, might look for short ideas , and might consider for BSL to be swept for a better setup.
Bearish scenario but following the trend line and smcBearish scenario but following the trend line and smc
Magic going Bullish?Looking for a long but would make a counter trade also just to check which setup works.
MAGICHello dear traders and my subscribers 👥, please if you like ideas do not forget to support it with your boost 🚀
Everything is explained in the street. If you have a question, leave it to me in the comments ✌️
#SHORT MAGICUSDTPMoving in a downtrend channel and creating lower low and lower higs.. A short can be opened with tight stoploss.
Short-term Magic/USDT PredictionI think this one has more power to go up. I keep on watching this coin very carefully with some hope
maybe it could be the next AXS.
Magic Ready for Lower LowI should have waited with my last entry. I'm happy with this swing trade as what I see as a high probability play.
There's a bearish market structure and a lower low is expected after also breaking the trend line.
Short Idea for MAGIC/USDTPlanning to take this trade as BSL has been swept, waiting for market shift for my short idea to be valid. Key points below for my TP ( OB's & SSL)
🔥 MAGIC Bullish Channel Bounce: Great Risk-RewardMAGIC is one of the newer tokens on Binance, which always makes it an interesting high-volatility play.
After a massive move, MAGIC appears to be consolidating within a bullish channel. As of this morning, MAGIC has successfully bounced off the lower support of the channel.
I'm aiming for the top of the channel. However, consider taking some profits off the table around $1.90 or so.
MAGIC go downThere is a downtrend on the instrument, a decrease in trading volumes, the buyer cannot update local highs, all this indicates the presence of its weakness.
In view of the above, a short breakout level was formed with several touches, as well as a downward slope. I expect that the further inability to update the highs and the price tightening to the level of $ 1.49 will lead to its breakdown into the short.
I plan to enter the deal in case of a smooth approach to the level, trading in its area and an impulse breakdown down to the next support zone around $ 1.40.
