$LINK Long Liquidation Alert

A massive $98.995K was liquidated at $22.168, reflecting bearish momentum and pushing long positions out of the market.

What’s Next?

Despite the bearish signal, LINK might offer a rebound opportunity. Here’s a detailed trading plan:

Buy Zone

Entry Range: $21.500 - $22.000

This zone could serve as a support area for potential accumulation and recovery.

Target Levels

Target 1: $23.000 (short-term recovery resistance)

Target 2: $24.500 (mid-term target zone)

Target 3: $26.000 (key breakout level)

Stop Loss

$21.000

Place your stop loss below this level to protect against further downside.

Key Insights

Bearish Pressure: The liquidation highlights strong selling, so cautious entry is necessary.

Volume Analysis: Watch for rising volume in the buy zone to confirm a potential reversal.

Market Context: $LINK ’s movement will depend on broader crypto market conditions, especially BTC.

Pro Tips for Trading LINK

1. Wait for a Signal: Enter only after bullish indicators like higher lows or reversal candlesticks.

2. Manage Risk: Keep your position size small, and use leverage wisely.

3. Stay Updated: Monitor market sentiment and $LINK -related developments for directional clarity.

Final Thought:

LINK has shown resilience in past bearish trends, and this liquidation might set the stage for a bounce. Trade carefully, stay disciplined, and be prepared for market moves!

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