$LINK Chainlink recently experienced a significant long liquidation of $11.106K at the price of $22.211. This could suggest that many traders were over-leveraged, and the market corrected itself. Here's an analysis and strategy for your next move:

Current Market Sentiment.

Price Movement: $LINK faced selling pressure near $22.211. This could signal a possible reversal or a consolidation phase.

Trend: Medium-term uptrend remains intact unless major support levels break.

Key Levels for $LINK.

Buy Zone.

Entry Range: $19.50 - $20.50

This zone aligns with strong historical support and may attract buyers.

Targets (Take Profit Levels).

1. Target 1: $21.50 (Short-term resistance).

2. Target 2: $22.50 (Testing recent high).

3. Target 3: $24.00 (Potential breakout level if momentum strengthens).

Stop-loss.

Place a stop-loss slightly below the support at $18.80. This minimizes losses if the price continues to drop.

Technical Indicators to Watch.

1. RSI (Relative Strength Index): Look for oversold conditions below 30 to confirm a bounce near the buy zone.

2. Volume: Increased buying volume in the $19.50–$20.50 range would signal accumulation.

3. Moving Averages: Ensure the price stays above the 50-day moving average for bullish confirmation.

Market Risks.

Macro Events: Keep an eye on overall crypto market sentiment and any major Bitcoin moves.

Volatility: Chainlink is volatile, so always use proper risk management.

Recommendation.

Enter at the buy zone with calculated risk.

Stick to targets and avoid emotional decisions.

Adjust stop-loss levels based on market conditions.

If you need live updates or more details, feel free to ask.

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