$LINK Update: Major Short Liquidation Spotted!
A massive $80.1K short position was liquidated at $24.58, signaling a surge of bullish momentum in the market.
This suggests strong upward pressure, possibly fueled by aggressive buying from larger players.
Next Move Strategy:
1. For Bulls:
Watch for consolidation around $24.50–$26.00.
A breakout above $27.30 could push LINK toward $28.50 in the short term.
Keep a tight stop-loss below $24.20 to manage risk.
2. For Bears:
Look for rejection near $27.00–$27.30. A sharp drop below $26.20 may signal a retrace to $25.50.
Be cautious, as momentum favors buyers for now.
Key Levels to Monitor:
Support: $24.20, $25.50
Resistance: $25.30, $26.50
Stay alert—momentum is high, and volatility could create exciting trading opportunities.
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