🚨 $MAGIC Short Liquidation Alert! 🚨

A whopping $6.3193K liquidation occurred at $0.60594, sparking high volatility in the market. This action has left traders buzzing about the next potential moves for $MAGIC. Let’s break it down for you:

📊 Market Analysis

The short liquidation indicates a sudden surge in buying pressure. Bulls might take charge here, pushing prices higher. However, market moves depend on key levels.

🔍 Key Levels to Watch

Buy Zone: $0.580 - $0.600

Look for pullbacks in this zone for a safer entry.

Target 1: $0.630

A quick breakout level to book some profits.

Target 2: $0.675

The next major resistance level to watch.

Stop Loss: $0.565

Protect your capital below this level in case the market turns bearish.

⚡ What’s Next?

Bullish Scenario: If $MAGIC holds above $0.600 and volume increases, expect it to climb towards $0.675.

Bearish Scenario: If it breaks below $0.565, it might test lower support around $0.540.

Stay updated on market sentiment and volume trends. Use a tight stop-loss strategy and avoid over-leveraging in this volatile market.

Trade Wisely, Stay Safe!

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