🚨 LONG LIQUIDATION ALERT
$MAGIC recorded a $4.8585K long liquidation at $0.05134. This area is now a major short-term reaction zone.
📊 Market Overview:
Buyers need to defend support and reclaim resistance to restore upside momentum.
🟢 Support: $0.0498–$0.0508
🔴 Resistance: $0.0525–$0.0540
🎯 TG1: $0.0525
🎯 TG2: $0.0540
🎯 TG3: $0.0570
➡️ Next Move:
Holding $0.0498–$0.0508 could support a rebound toward $0.0525 and $0.0540. A breakout above $0.0540 may target $0.0570. Losing $0.0498 could bring additional selling pressure.
📅 Short-Term:
$0.05134 is the key reaction zone.
📈 Mid-Term:
Sustained trading above $0.0540 could strengthen the recovery structure.
💡 Pro Tip:
Wait for a confirmed breakout or support reclaim with volume before entering.
⚠️ DYOR | NFA | Manage risk carefully.
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