Will MAGIC be the next 100x coin?
"Be cautious"—just because it has risen doesn’t mean it will keep surging. MAGIC announced a restructuring (bankruptcy) last year, and the project fundamentals have already changed. In my personal opinion, this is just a fake rally designed to lure longs and trigger short squeezes. Don’t see a price increase and assume it’s going to 100x; this is a trap set by the big players!
But! You definitely shouldn’t short it either. A random move of a few dozen points and your short position will get wiped out, so if you want to stay alive, don’t touch something that’s hostile to both longs and shorts.
#MAGIC
"Be cautious"—just because it has risen doesn’t mean it will keep surging. MAGIC announced a restructuring (bankruptcy) last year, and the project fundamentals have already changed. In my personal opinion, this is just a fake rally designed to lure longs and trigger short squeezes. Don’t see a price increase and assume it’s going to 100x; this is a trap set by the big players!
But! You definitely shouldn’t short it either. A random move of a few dozen points and your short position will get wiped out, so if you want to stay alive, don’t touch something that’s hostile to both longs and shorts.
#MAGIC