$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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