$LINK MARKET ALERT
$LINK is showing a notable short squeeze, with two short liquidations recorded around $8.359–$8.365, including a larger $29.27K liquidation. This cluster suggests buyers are pushing shorts out of the market.
Market Structure: Bullish momentum, but confirmation is important after the squeeze.
Key Levels
Trigger: $8.365
Support: $8.20 – $8.10
Major Support: $7.95
Resistance: $8.50 – $8.65
Breakout: $8.65
Trade Setup Entry: Above $8.40 with volume confirmation
SL: $8.10
🎯 TP1: $8.50
🎯 TP2: $8.65
🎯 TP3: $8.85
🎯 TP4: $9.10
The liquidation cluster is bullish for momentum, but don't chase a vertical candle. A clean hold above $8.40 would strengthen the setup.
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