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$MAGIC just pulled off what looks like a textbook liquidity grab below local support. The dip under support? Probably a stop-hunt, not real sellers panicking.
Now it's back above $0.105 and testing the waters around $0.11 resistance. That zone's been sticky before—if it breaks clean, could be the start of something. If it gets rejected again, well, rinse and repeat.
Price action's telling a story here. Whether buyers have enough fuel to punch through is the question.