$MAGIC Short Liquidation Alert!
A short position worth $4,606.40 was obliterated at $0.53436, showcasing bullish dominance as MAGIC surges higher.
Key Insights:
Bullish Breakout: The liquidation indicates strong upward momentum, catching bears off guard.
Key Level: The price at $0.53436 now serves as a critical marker for continued bullish pressure.
Next Targets for MAGIC:
Upside Potential: If the momentum persists, MAGIC could test $0.5500, with further resistance at $0.5650.
Support Zones: Bulls should hold $0.5250 to maintain control and avoid a reversal.
š„ Market Outlook:
This liquidation hints at a potential rally as bulls flex their strength. Could this be MAGIC's moment to shine, or will bears regroup for a counterattack? Stay tuned for the next thrilling move!