#MAGIC The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is trending towards a bounce. A retest of this boundary is expected. The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition. There is a key support zone in green at 0.0545. The price has bounced off this zone several times, making it a strong support level. The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move. Entry Price: 0.0573 Target 1: 0.0586 Target 2: 0.0601 Target 3: 0.0620 Stop Loss: At the resistance zone in green Remember this simple rule: Money management. Any questions, please leave a comment. Thank you.

Last week MAGICUSDT did an inverted hammer, this week again but an even bigger one. Perfectly at the bottom of a trend. This candle can signal an upcoming reversal. It has high-rising volume as well. The 2-Feb week, which has the 6-Feb low, produced a Doji. The Doji here reveals indecision. The downtrend becomes doubtful, the market doesn't feel certain anymore. "Should I continue lower or should I change course?" That's the question the market is asking itself with the Doji in early Feb. This same Doji was the lowest price in two months and now we have the two inverted hammers I just mentioned. One green week next week and we have a reversal confirmation. That's candlestick reading my friend, it points toward a change of trend. Namaste.

#MAGIC The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is trending towards a bounce. A retest of this boundary is expected. The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition. There is a key support zone in green at 0.0578, and the price has bounced off this zone several times, making it a strong support level. The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move. Entry Price: 0.0588 Target 1: 0.0600 Target 2: 0.0610 Target 3: 0.0622 Stop Loss: At the resistance zone in green Remember this simple rule: Money management. Any questions, please leave a comment. Thank you.

#MAGIC The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is trending towards a bounce. A retest of this boundary is expected. The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition. There is a key support zone in green at 0.0630. The price has bounced off this zone several times, making it a strong support level. The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move. Entry Price: 0.0639 Target 1: 0.0650 Target 2: 0.0668 Target 3: 0.0688 Stop Loss: At the resistance zone in green Remember this simple rule: Money management. Any questions, please leave a comment. Thank you.

#MAGIC The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is trending towards a bounce. A retest of this boundary is expected. The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition. A key support zone (in green) was found at 0.0628, and the price has bounced off this zone several times, making it a strong support level. The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move. Entry Price: 0.0638 First Target: 0.0651 Second Target: 0.0664 Third Target: 0.0677 Stop Loss: At the resistance zone (in green) Remember this simple rule: Money Management. Any questions, please leave a comment. Thank you.

#MAGIC The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is trending towards a bounce. A retest of this boundary is expected. The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition. There is a key support zone in green at 0.0630. The price has bounced off this zone several times, making it a strong support level. The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move. Entry Price: 0.0646 Target 1: 0.0652 Target 2: 0.0663 Target 3: 0.0676 Stop Loss: At the resistance zone in green Remember this simple rule: Money management. Any questions, please leave a comment. Thank you.

#MAGIC The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is trending towards a bounce. A retest of this boundary is expected. The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition. There is a key support zone in green at 0.0605, and the price has bounced off this zone several times, making it a strong support level. The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move. Entry Price: 0.0626 Target 1: 0.0634 Target 2: 0.0644 Target 3: 0.0656 Stop Loss: At the resistance zone in green Remember this simple rule: Money management. Any questions, please leave a comment. Thank you.

#MAGIC The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is trending towards a bounce. A retest of this boundary is expected. The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition. A key support zone (in green) was found at 0.0587, and the price has bounced off this zone several times, making it a strong support level. The price is trending towards the 100-period moving average, which we are approaching. This trend supports a potential upward move. Entry Price: 0.0603 Target 1: 0.0615 Target 2: 0.0629 Target 3: 0.0643 Stop Loss: At the resistance zone (in green) Remember this simple rule: Money Management. Any questions, please leave a comment. Thank you.

#MAGIC The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is poised for a bounce. A retest of this boundary is expected. The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition. There is a key support zone in green at 0.0618, and the price has bounced off this zone several times, making it a strong support level. The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move. Entry Price: 0.0633 Target 1: 0.0644 Target 2: 0.0654 Target 3: 0.0667 Stop Loss: At the resistance zone in green Remember this simple rule: Money management. Any questions? Please leave a comment. Thank you.

#MAGIC The price is moving within a descending channel on the hourly timeframe. It has reached the lower boundary and is heading towards breaking it. A retest of this boundary is expected. The Relative Strength Index (RSI) is showing a downward trend, moving in a downtrend and likely to continue due to overbought conditions. There is a key resistance zone in green at 0.0666. The price has bounced off this zone several times, making it a strong support level. A consolidation trend is observed above the 100-period moving average, which we are approaching. This trend supports a decline towards this level. Entry Price: 0.0695 Target 1: 0.0708 Target 2: 0.0723 Target 3: 0.0742 Stop Loss: At the resistance zone in green. Remember this simple thing: Money Management. For any questions, please leave a comment. Thank you.