$LINK : Short Liquidation Ignites Bullish Momentum! đ
đ $6.2679K in shorts liquidated at $23.319, showing that bears are losing grip. This surge could push Chainlink ($LINK ) into a strong upward trend with exciting targets ahead.
Key Levels to Watch
Support Zone: $22.50 - $23.30 (solid base).
Breakout Level: $24.50 (key resistance).
Major Targets After Breakout:
1. $26.00 (short-term target).
2. $28.50 (medium-term target).
3. $32.00 (long-term potential).
Trading Plan for $LINK
Buy Zone
Ideal Entry: $23.30 - $23.80 (near support).
Breakout Entry: Add more positions above $24.50 after confirmation of a breakout.
Targets
1. Target 1: $26.00
2. Target 2: $28.50
3. Target 3: $32.00
Stop Loss
Stop Loss Level: $22.20 (below the support zone to limit risk).
Whatâs Next
1. Bullish Scenario:
A breakout above $24.50 with strong volume could lead to rapid gains toward $26.00 and beyond.
2. Bearish Scenario:
If price falls below $22.20, avoid buying as momentum may shift downward.
đĄ Tips:
Be Patient: Wait for breakout confirmation to avoid false moves.
Manage Risk: Use stop losses and stick to your plan.
Chainlink is on the verge of something big â Are you ready to ride the bullish wave? đŻ
