๐ฅ $LINK Under Fire: Long Liquidation Alert! ๐จ
A staggering $9.9405K long liquidation just hit Chainlink ($LINK ) at a critical price of $24.881! The market is heating up, and all eyes are on LINK as traders prepare for the next big move. Will the bulls make a comeback, or will the bears keep control? ๐โก๏ธ๐
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๐ฎ Whatโs Next for LINK?
This liquidation reflects heavy selling pressure, but it could signal the perfect opportunity for buyers to step in at key levels. Hereโs the roadmap:
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๐ฅ Buy Zone:
$24.00 to $24.30
This range could serve as a strong support area where buyers might gather momentum. Watch for bullish signals like higher lows or volume spikes.
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๐ฏ Target Levels:
Target 1: $25.50 (First resistance; quick gains)
Target 2: $26.80 (Major breakout level with room for further upside)
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๐ก๏ธ Stop Loss:
$23.80
Place your stop just below the buy zone to protect against further downside. Always manage your risk!
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โก Key Trading Strategy
The battle is on! Watch for a reversal candle (like a hammer or bullish engulfing pattern) in the buy zone before entering the trade. Use RSI or MACD to confirm a potential trend shift.
๐ Pro Tip: If LINK reclaims $25.00 with strong momentum, it could ignite a short-term rally. Stay sharp!
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This is the moment where traders either win big or watch from the sidelines. Are you ready to ride the LINK wave? ๐๐
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