⚡ $MAGIC Long Liquidation Alert! ⚡

💥 $9.6341K liquidated at $0.52805 – Bulls have been shaken! Will this trigger a deeper drop, or is $MAGIC preparing for a rebound? Let’s break it down!

What’s Next for MAGIC?

Key Levels to Watch

Buy Zone:

Look for potential entries around $0.510 - $0.525.

This range could act as strong support, offering a bounce opportunity if buying pressure builds.

Resistance/Target Levels:

First Target: $0.545

Second Target: $0.565

If momentum picks up, these levels are ideal for taking profits. A breakout above $0.565 could signal a bigger rally!

Stop Loss:

Set a stop-loss below $0.505.

This will limit your risk if MAGIC fails to hold support and drops further.

Market Sentiment:

The long liquidation reflects bearish pressure, but if MAGIC finds stability in the buy zone, it could recover quickly. Watch for signs like increasing volume and bullish candlesticks to confirm a potential reversal.

MAGIC Traders:

Stay updated on the broader market! If Bitcoin or major altcoins show strength, MAGIC might follow with a quick bounce.

🔥 Don’t miss this potential opportunity! Stay sharp and trade smart! 🔥

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