$LINK : Long Liquidation Highlights a Critical Opportunity!
📊 $19.853K in longs liquidated at $23.493, indicating increased selling pressure. Chainlink ($LINK ) is at a pivotal level where a rebound or further downside could play out.
Key Levels to Watch
Support Zone: $22.50 - $23.00 (important area to hold).
Resistance Zone: $24.00 - $24.50 (key breakout level).
Potential Targets After Recovery:
1. $25.00 (short-term).
2. $26.50 (medium-term).
3. $28.00 (long-term).
Trading Plan for $LINK
Buy Zone
Dip Entry: $22.50 - $23.00 (if support holds).
Breakout Entry: Add positions above $24.00 after confirmation.
Targets
1. Target 1: $25.00
2. Target 2: $26.50
3. Target 3: $28.00
Stop Loss
Stop Loss Level: $22.00 (below support to minimize risk).
What’s Next?
1. Bullish Scenario:
If LINK stabilizes above $23.00 and breaks $24.00, expect a rally toward $25.00 and beyond.
2. Bearish Scenario:
A drop below $22.00 could signal further downside; avoid buying if this happens.
💡 Tips:
Wait for Confirmation: Ensure the price stabilizes or breaks out with strong volume.
Risk Management: Use a tight stop loss to protect capital.
LINK is at a key turning point—Stay ready for the next move! 🎯
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