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$MAGMA — Shorts Feel the Pressure


$MAGMA recorded a $1.9368K short liquidation at $0.52375. This suggests leveraged sellers were forced to close as buyers pushed price higher. If $0.520 holds, the next upside zones could be $0.535–$0.550. A drop below $0.510 could weaken the bullish setup.


Trade Setup: Entry $0.520–$0.525 | Target $0.535–$0.550 | Stop Loss $0.508


Risk Management: Let price confirm the support zone before entering. Avoid chasing the squeeze, keep leverage moderate, and use a position size that keeps your planned loss under control.


Disclaimer: This is my personal market observation based on the liquidation data shared and is not financial advice. Always do your own research and consider the risks before taking any cryptocurrency trade.


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coin
MAGMA/USDT
Perp
0.22365
-5.34%

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