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
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
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.