MAGIC / TetherUS
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#MAGIC/USDT Forming Falling Wedge

155
#MAGIC


The price is moving within an ascending channel on the 1-hour timeframe and is adhering to it well. It is poised to break out strongly and retest the channel.

We have a downtrend line on the RSI indicator that is about to break and retest, which supports the upward move.

There is a key support zone in green at 0.1055, representing a strong support point.

We have a trend of consolidation above the 100-period moving average.

Entry price: 0.1123
First target: 0.1164
Second target: 0.1211
Third target: 0.1270

Don't forget a simple money management rule:

Place your stop-loss order below the green support zone.

Once you reach the first target, save some money and then change your stop-loss order to an entry order.

For any questions, please leave a comment.

Thank you.
İşlem kapandı: hedefe ulaştı
ekran görüntüsü
#MAGIC
First target: 0.1164 Reached
Second target: 0.1211 Reached
Third target: 0.1270 Reached

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.