$MAGIC Short Liquidation Alert!

$9,113.70 in Shorts Liquidated at $0.1571

MAGIC just flipped the switch! Bears got caught offside as price pushed up to $0.1571, triggering a short squeeze and clearing out nearly $9.1K in bearish positions. The bulls are gaining steam, and momentum is shifting upward.

What Happened?

• Short sellers expected continuation down — but MAGIC reversed and broke higher.

• Liquidations forced bears to buy back, pushing the price up further.

• This kind of squeeze often marks the beginning of a sharp upside move.

Market Sentiment:

• Bullish bias rising, especially if MAGIC holds above $0.156.

• Momentum is building fast — bulls are defending the breakout zone.

• A confirmed hold above $0.158 = confidence for more upside.

Next Move:

• Immediate watch level: $0.1585–$0.1600

• Break above = clear runway for continued bullish action.

• Pullbacks toward $0.154–$0.155 could be buy-the-dip zones.

Upside Targets:

• TG1: $0.1628 – minor resistance

• TG2: $0.1685 – key breakout level

• TG3: $0.1760 – trend expansion zone

Pro Tip: Short squeezes = explosive rallies.

If volume follows, MAGIC could climb faster than expected. Look for strong candle closes and rising buy pressure to confirm the breakout.

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