Fear-Fueled Shakeout Sets the Stage

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Fear-Fueled Shakeout Sets the StageLINKUSDT Perpetual ContractBYBIT:LINKUSDT.PAlvinDeo96Massive liquidation shook the crypto space on Friday, October 10th with nearly $20B flushed out. But while the masses panicked, the charts show smart money buying. LINK printed a textbook high-volume spring out of the range, signaling smart money absorption amid capitulation. The weekly candle closed deep into the range, reinforcing the idea that this wasn’t random volatility, it was structured accumulation and shakeout. Volume on the Spring exceeded that of the Selling Climax (SC), which sets the stage for a potential retest. But don’t anchor to the $7.64 wick, that’s an anomaly. Instead, watch for price to revisit the EQ of that wick zone to form a higher low (HL) and validate the test. This setup offers a compelling Risk-to-Reward profile. If the structure holds, a minimal very simple range target sits around ~$66. from here price could go much higher but one step at a time.