$LINK Short Liquidation Triggers Bullish Momentum!

A $6.64K short liquidation just occurred at $22.33, sending Chainlink (LINK) into the spotlight as traders scramble to reposition. This liquidation wave suggests shorts are being squeezed out, hinting at a possible continuation of the upward trend.

Market Snapshot:

• Support Zone: $21.70

• Resistance Zone: $23.10

• Trend Bias: Bullish with growing strength

LINK’s price is consolidating near $22.30, showing resilience after clearing major liquidity levels. If bulls defend the $22 zone, the next move could aim for $23.10–$23.50, while failure to hold above $21.70 may spark a short-term pullback.

Trade Setup:

• Buy Entry: Above $22.40 (confirmation breakout)

• Targets: $23.10 → $23.50

• Stop-Loss: $21.65

• Sell Entry: Below $21.65

• Targets: $21.20 → $20.80

Analyst Insight:

The recent short liquidation adds bullish fuel to LINK’s momentum, showing that sellers are losing ground. Watch for sustained volume above $22.40 — that could be the ignition point for another strong rally.

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