Technical analysis by Dexter_The_Trader about Symbol MAGIC: Buy recommendation (5/22/2025)

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