🚨 $LINK Short Liquidation Alert! 🚨

A total of $5,407 was liquidated at $23.311, signaling that bears are under pressure while bulls might take the reins. Is $LINK setting up for a breakout, or will it consolidate further? Let’s break down the details and plan for the next move.

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🔥 What’s Happening with $LINK?

Market Impact: The short liquidation indicates growing buying pressure. If momentum sustains, $LINK could aim for higher resistance levels.

Price Action: LINK is currently holding near the $23.30-$23.50 zone, a key area to watch for further moves.

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🔍 Key Levels to Watch

Buy Zone: $22.80 - $23.30

This range serves as a strong support area and a potential entry point for traders expecting a continuation of the uptrend.

Target Levels:

Short-Term: $24.00 (immediate resistance)

Mid-Term: $25.50 (key breakout zone)

Long-Term: $27.00 (if bullish momentum accelerates)

Stop Loss: $22.50

Place your stop slightly below the support zone to manage risk effectively.

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📈 Strategy Overview

1. Entry Plan: Enter in the $22.80-$23.30 range if LINK holds this zone and shows strong buying momentum.

2. Breakout Confirmation: Watch for a push above $24.00. A breakout here could fuel a rally to $25.50 and beyond.

3. Risk Management: Stick to your stop-loss at $22.50 to protect your position from unexpected pullbacks.

Short liquidations can be followed by sharp upward movements. Always confirm the trend with volume and candlestick patterns before entering a trade.

This is not financial advice. Always do your own research and trade responsibly.

What’s your game plan for $LINK? Will you ride the wave or wait for more confirmation? Let us know your thoughts! 🚀

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