$MAGIC Today surged 25%, having violently rallied twice within a month. What is different this time, and can we still build positions and enter the market?
In fact, there are currently no significant positive factors; it is merely the linkage with the AI sector that has driven the flow of topics and propelled the price surge.
On-chain monitoring does not show any large funds being injected. Currently, retail investors are seriously chasing contracts; however, from a technical perspective, there is significant resistance above. The risk of chasing gains is very high, and the topic's popularity will not last too long.
Personally, I am not very optimistic. Since the beginning of this year, it has been continuously falling, peaking at $0.27. The current operational suggestion is to short during the heat's retreat; timely notifications will be provided to fans at that time!!!
