MAGIC / TetherUS
Long

#MAGIC/USDT

234
#MAGIC

The price is moving within a descending channel on the 1-hour frame and is expected to break and continue upward.

We have a trend to stabilize above the 100 moving average once again.

We have a downtrend on the RSI indicator that supports the upward move with a breakout.

We have a support area at the lower limit of the channel at 0.1312, acting as strong support from which the price can rebound.

Entry price: 0.1386
First target: 0.1426
Second target: 0.1480
Third target: 0.1547

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