#MAGIC opened a long position at a low!
This can attract attention to the coin while allowing for a price increase.
It means that there are many short sellers, and with so many short sellers,
the market makers will definitely continue to push up the price.
The market makers have set up a large long position at a low price.
The profits from the long positions and the fees hedge the funds for pushing up the price and can continue to attract interest.
Once the price reaches a certain level, they will directly cut and sell off. Many coins are being played like this now, so I will consider entering a short position when it drops.
If you want to know the entry points, you can follow Lao Zheng to lay out the strategy together and get in on the positions!
