$MAGIC
Short Liquidation Analysis
Liquidation Amount: $2,877.60
Liquidation Price: $0.54318
Analysis & Targets:
Target Price (Upside Potential): $0.5800
Stop Loss Price (Risk Management): $0.5200
Trading Strategy:
The short liquidation at $0.54318 suggests a surge in buying pressure. If MAGIC sustains above $0.5500, the next resistance could be near $0.5800. Conversely, a drop below $0.5200 may reignite bearish momentum.
Monitor the price action closely, and align your trades with market sentiment.