Limit Long on MAGIC

前天

Limit long placed on MAGIC after strong impulsive breakout and retrace into structural support, overlapping the golden pocket zone and anchored volume clusters. Price is compressing just below a minor supply shelf, and the setup targets a continuation move into recent highs. Risk is tightly defined with favorable reward-to-risk, and capital protection is structured early.

I'm entering before full confirmation to gain better RR. The trade accepts possible deeper pullback or invalidation in exchange for prime fill location and front-running potential continuation.

The setup blends 4H and 15M structure. On the 4H, price retraced into the 0.382–0.5 fib levels from the July breakout and is holding above EMA confluence and mid-channel demand. The 15M shows fair value gaps, order blocks, and volume shelf demand near 0.1855, with recent wicks rejecting lower prices. A higher low may be forming.

Limit Long MAGICUSDT.P
Entry: $0.1855
Stop-Loss: $0.1823
Total Risk: 1% of account capital

TP1: $0.1975 (40% – cover exposure + reduce risk). Move SL to BE [R: 3.64]
TP2: $0.2043 (40% – primary exit near local supply) [R: 5.68]
TP3: $0.2150 (20% – continuation target) [R: 9.11]

Take profit one locks in early gains and removes risk. TP2 aims for full move toward prior swing highs. TP3 leaves a runner in case continuation develops. SL is tucked just under the 15M structure and key volume support, outside minor wick zones but tight enough for good RR.

✅ Weekly bullish structure
✅ 4H demand + fib retrace
✅ 1H volume support + BOS
✅ 15M OB + FVG rejection

DISCLAIMER: I am not providing trading signals or financial advice. The information shared here is solely for my own documentation and to demonstrate my trading journey. By openly sharing my process, I aim to put pressure on myself to stay focused and continually improve as a trader. If you choose to act on any of this information, you do so at your own risk, and I will not be held responsible for any outcomes. Please conduct your own research and make informed decisions.

昨天

交易進行

Midnight entry (UTC+3) hit. Now it’s either liftoff or instant SL execution 😂💀

昨天

註釋

Plan to take this short hedge at 0.1869 if the long doesn't hit SL first. Setup based on FVG rejection. SL at 0.1915, targets at 0.1835 / 0.1785 / 0.1706.

昨天

交易結束：達到停損點

SL hit. I am out. To bed.

昨天

註釋

What Went Wrong (in hindsight):
I placed the limit order when conditions looked solid — clean structure, confluence stacking, and a high-probability setup based on the then-current market state. But price stalled, chopped sideways, and lost momentum.

The market evolved, but I didn’t adjust.
I left the limit order active even after the edge had weakened.
When price eventually hit the level, it wasn’t the same high-probability setup anymore — and I got tagged into a dead zone with no confirmation and no strength.

⸻

🧠 Lesson:
High-probability setups can degrade over time.
➡️ A good setup at 18:00 might be a trap by 23:00.

If the trade doesn’t trigger quickly or cleanly, it’s often a signal in itself. The edge is in the timing + context, not just the level.

Next time:
❌ Don’t marry the limit.
✅ Reassess before entry — or require confirmation.