🚨 $MAGIC Short Liquidation Alert! 🚨

A solid $5,119.4 was liquidated at $0.53746, and the bulls are making their move! The short squeeze has kicked in, and now the price could be ready for a significant rise. Will $MAGIC continue its climb, or will it face resistance? Let's break it down for your next trade!

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🔥 What’s Happening with $MAGIC?

Market Impact: The short liquidation suggests that bearish pressure is fading, and buying momentum is starting to take over. This could be the start of an upward move for $MAGIC if the bulls keep pushing.

Current Price Action: MAGIC is trading just above $0.53, a critical support level. If it holds, we could see the price push higher, but it’s all about maintaining this level.

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🔍 Key Levels to Watch

Buy Zone: $0.52 - $0.54

This is a key support range to look for. If MAGIC holds in this zone and shows signs of strength, it could be a great entry point.

Target Levels:

Short-Term: $0.60 (immediate resistance)

Mid-Term: $0.65 (strong breakout zone)

Long-Term: $0.75 (if the bullish momentum continues)

Stop Loss: $0.50

Set your stop-loss just below the support zone to protect yourself from any sharp pullbacks.

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📈 Strategy Overview

1. Entry Plan: Look to enter between $0.52-$0.54 if MAGIC holds strong and shows signs of upward movement with good volume.

2. Breakout Watch: A breakout above $0.60 could lead to a rally toward $0.65 or even higher.

3. Risk Management: Place your stop-loss at $0.50 to manage risk and minimize losses if the market moves against you.

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Short liquidations often lead to sharp price movements. Be sure to wait for volume confirmation and a clear trend before making bigger moves.

This is not financial advice. Always do your own research and trade responsibly.

How are you planning to trade $MAGIC? Are you jumping in now or waiting for more signs? Share your strategy below! 🚀

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