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Depending on a situation I love to use both - pencil and liquid eyeliner. Pencil eyeliner creates a more natural looking line while liquid liner is more noticeable.
I don`t really have anything bad to say about this eyeliner! Some pencils can`t be used on upper eye line since the smudge around eye crease, but this doesn`t! :) Maybe the only minus is that it is slightly hard to remove.
Another cool thing is that it actually has a sharpener at the top! I`m not very good at using it though. :(