$LINK is showing a powerful shift in market structure after a heavy short liquidation of nearly $100K around the 12.59 zone, signaling that bearish positions were aggressively squeezed and momentum is rotating upward. This type of liquidation often marks the start of continuation rather than exhaustion when supported by volume expansion and reclaim of intraday VWAP. The optimal entry lies in the 12.40–12.55 range where previous supply flipped into demand, offering a clean risk-defined setup. The primary upside target is positioned at 13.20 where prior distribution occurred, while an extended push could test 13.75 if momentum accelerates. A protective stop loss is placed at 11.95 to invalidate the bullish structure if price loses the liquidation base. LINK remains constructive as long as it holds above the liquidation reclaim zone.
LINKUSDT
Perp
12.67
+1.40%