$LINK Just Triggered a $10.099K Short Liquidation at $13.94 – Bulls Are Back in the Arena
The bears got caught sleeping.
A sudden surge in $LINK price led to a sharp short liquidation at $13.94, wiping out $10.099K worth of bearish positions. This signals a potential shift in market momentum and gives bulls a fresh psychological edge. When shorts get squeezed, it often fuels rapid upside moves — and LINK might be entering that zone right now.
Technical Analysis
Buy Zone:
$13.30 to $13.60 – This is the current accumulation zone with strong support from previous consolidation. Dips into this area could provide high reward-to-risk entries if buying pressure continues.
Target Levels:
• First Target: $14.40 – A minor resistance zone where sellers may attempt to regain control.
• Second Target: $15.20 – A breakout above this could ignite a rally toward the next psychological level.
• Final Target: $16.40 – If momentum carries forward, this zone has potential to attract aggressive buyers and long entries.
Stop Loss:
• Below $13.10 – A clean invalidation level. If price breaks down below this support, bulls lose their edge and momentum could shift back to sellers.
Market Sentiment Insight:
The short liquidation event is a high-impact signal. It indicates trapped bears and rising demand. Watch for volume confirmation and sharp wicks toward support — they often precede explosive breakouts. If $LINK holds above $13.94, we could be looking at the beginning of a much larger trend reversal.
Stay sharp. Volatility is brewing, and Chainlink is in the spotlight.
