MAGIC needs a magic move!

Here’s a trade setup on MAGIC (4H timeframe):

MAGIC has shown a perfect rebound from the support trendline and is currently approaching a key resistance level. A breakout and close above this resistance would signal a bullish move, while a rejection could offer another opportunity to DCA or buy the dip.

Here’s the strategy we’ll follow:

~ Wait for breakout confirmation – if it breaks above, go long; if rejected, buy the dip.

~ Once the position is open, set profit targets between $0.20 to $0.30.

~ Use 5x–10x leverage (based on your risk appetite).

~ Set a stop-loss 2% below your entry price to manage risk.

🔔 Note: Always do your own research and analysis before investing.

Regards,
Dexter