🤖 AI Insight

Based on the provided 1-day chart, here's a summary of the technical analysis for MAGICUSDT:

Price: $0.1236
EMA7: 0.13301447898621
EMA25: 0.14323617119444
RSI14: 36.11414715538
MACD: -0.0079261105210902
Resistance: $0.3168
Support: $0.0447
Average Volume: $360,017,217.56 (Trend: Decreasing)
Volume Trend: Decreasing

To determine the best entry points for a Long/Short investment, consider the following suggestions:

Long Entry: Wait for a confirmation signal from the moving averages (EMA7 and EMA25) crossing above the price, indicating an upward trend. A rising RSI (RSI14 crossing above 30) will further support a long entry. Additionally, observe volume fluctuations and a breakout above $0.0447 resistance level.

Short Entry: Contemplate a short entry when the price crosses below EMA25 while EMA7 remains above the price, suggesting a bearish trend. Also check the MACD entering into a bearish zone, with values below the signal line. Furthermore, monitor a decrease in volume and break below the $0.0447 support level.

Advised Spot Buy Price: $0.0447

PLEASE NOTE: Technical analysis relies heavily on historical data and repetitive patterns, but it is not always accurate. Therefore, consider seeking additional market insights, conducting fundamental analysis, and employing stop-loss orders for more secure investments.