$LINK Short Liquidation Alert
Liquidation Amount: $9,089
Trigger Price: $23.72
The market just witnessed a massive short liquidation in as prices skyrocketed to $23.802, forcing bearish traders to fold under the pressure of a strong bullish surge. This move marks a pivotal moment for $LINK, as bulls tighten their grip on the market.
What Happened
1. Liquidation Surge Over $9,089 worth of short positions were wiped out as buyers overpowered sellers.
2. Bullish Momentum: This liquidation highlights growing demand for $LINK, signaling confidence among traders.
3. Market Volatility: The spike is likely to attract more attention, amplifying price swings in the short term.
Key Insights for Traders
Support Zone $23.50 could now act as a strong support level if prices retrace.
Resistance Level: Eyes on $24.50–$25.00 as the next critical test for bulls.
Volume Watch: Expect increased trading activity as gains traction.
What’s Next for LINK
With bullish sentiment driving the price higher, could aim for new highs in the coming days.
However, traders should remain cautious of potential profit-taking or retracements at key resistance levels.
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