Technical analysis by CryptoAnalystSignal about Symbol MAGIC: Buy recommendation (6 hour ago)

#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.