$LINK Liquidation Alert:
Long positions worth $53.2K were liquidated at $26.98. Here's the breakdown:
Key Highlights:
Massive Liquidation: $LINK hit $26.98, causing the liquidation of $53.2K in long positions.
Bearish Pressure: The sharp drop indicates growing selling pressure, suggesting a potential downtrend.
Increased Volatility: This liquidation event suggests heightened volatility, with market uncertainty and potential for more fluctuations.
Next Move:
Short-Term Strategy: Watch $27.00 for key support. If breached, expect further downside toward $26.00.
Risk Management: Tighten stop-loss orders and keep an eye on $27.50 for any signs of a potential rebound.
Stay alert as the market shifts!
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