$LINK A recent short liquidation worth $1,056 occurred at $24.41, indicating that bears are being squeezed as price moves upward. Such liquidations often lead to short-term bullish momentum as sellers exit their positions.

What’s Next for LINK.

1. Market Sentiment:

The short liquidation suggests buyers are currently dominating the market. This momentum could lead to further price increases if buying pressure sustains. However, resistance at key levels needs monitoring.

2. Key Technical Levels:

Buy Zone: $22.50 - $23.50

Accumulation in this zone is ideal for safer entries.

Targets:

Target 1: $25.00 (Short-term resistance)

Target 2: $26.50 (Next key level above resistance)

Target 3: $28.00 (If momentum continues strongly)

Stop Loss: Below $21.50

This level protects capital in case of a trend reversal.

Additional Insights:

1. Volume Spike: Watch trading volume. If volumes increase near resistance, it may indicate further upside.

2. Trend Confirmation: Ensure $LINK maintains a daily close above $24.00 for bullish continuation.

3. RSI Levels: If RSI nears overbought levels (above 70), a temporary correction could occur.

Note: Always use risk management strategies and monitor overall crypto market conditions before trading.

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