Chainlink ($LINK ) Update: Big Short Liquidation 🚨
A massive short liquidation worth $7,106.3K just occurred at $30.549! This signals that sellers are under pressure, and $LINK may be ready for a bigger move soon.
What Does This Mean?
When shorts are liquidated, it can lead to a short squeeze, causing the price to move up quickly as sellers are forced to buy back. This is a bullish signal if momentum continues.
---
What to Watch Next 📈
✅ Buy Zone: $29.80 - $30.20
This is a good entry area for anyone looking to ride the potential breakout.
🎯 Targets:
Target 1: $31.50
Target 2: $33.00
❌ Stop-Loss: $29.20
Keep a tight stop-loss to manage risk in case momentum slows down.
---
🔑 Key Insights:
Breaking above $30.55 could trigger a strong upward move.
If the price holds near the $30.20 zone, bulls might push towards $33.00.
Watch for any signs of further short liquidations or sudden buying volume to confirm the breakout.
Stay sharp and follow the trend. $LINK could be gearing up for a major run!
#BinanceAirdropsCATandPENGU #USUALSpotPrediction #USUALSpotLaunch #FullMarketBullRun #Bitcoin110KNext?