🚨 Chainlink ($LINK ) Short Liquidation Alert! Big Move Incoming! 🔥
A massive short liquidation worth $42,290 just hit at $21.72. This is a clear signal that the market is heating up, and $LINK could be gearing up for its next big move. Let’s get into the details and prepare for what’s next!
The liquidation shows that shorts are being squeezed as buyers step in with strength. This could lead to a bullish rally if momentum builds—but watch for potential traps. $LINK is in a critical zone!
📈 Buy Zone:
Look for an entry around $21.50 - $21.80, a strong support area where demand has consistently increased.
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🎯 Targets:
1. Target 1: $22.50 (Immediate Resistance)
2. Target 2: $23.20 (Key Level for Momentum)
3. Target 3 (Aggressive): $24.00 (High Risk/Reward)
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🛑 Stop Loss:
Set your stop loss below $21.20. This minimizes risk if the price breaks support and turns bearish.
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⚡ Strategy:
If LINK breaks above $22.00 with high volume, expect a bullish rally.
Keep an eye on resistance near $22.50, where sellers might return.
Consider a trailing stop-loss to protect profits as LINK climbs.
⚠️ Risk Warning: Crypto trading is highly volatile. Always trade responsibly, manage your risks, and avoid emotional decisions. DYOR (Do Your Own Research) before placing any trades.
Will you take the ride to $24 or stay on the sidelines? The choice is yours! 🚀
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