馃敟 Chainlink ($LINK ) Alert: Short Liquidation at $21.55 馃敟
Chainlink just made a power move! A short position worth $8.0198K was liquidated at $21.55. This shows strong bullish momentum building in the market. Are the bulls taking over? Here鈥檚 what you need to know:
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What鈥檚 Happening?
A large short position was liquidated, meaning traders betting against $LINK got squeezed as the price surged.
The $21.55 zone is now a critical level. This indicates buyers are stepping in aggressively to push prices higher.
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What鈥檚 Next for $LINK?
With this bullish move, the market seems primed for a strong trend. Here鈥檚 a detailed trading plan:
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Buy Zone
Ideal entry: $20.00 - $21.50
(Look for any pullbacks to enter at a better price.)
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Target Levels
Target 1: $24.00
Target 2: $27.50
Target 3: $30.00
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Stop Loss
Place a stop loss below $19.50.
(This ensures minimal risk if the market moves unexpectedly.)
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Why This Matters?
Liquidations often create explosive price moves as traders rush to close positions. With Chainlink gaining momentum, it鈥檚 a great opportunity to ride the bullish wave. Stay sharp and manage your risk carefully!
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Let鈥檚 see if $LINK can break past $24 and climb higher! Are you ready to trade this breakout?
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