Massive $LINK Liquidation Alert.
The crypto markets are heating up, and Chainlink (LINK) just made headlines with a long liquidation of $4,765.2K at a price of $23.07m This liquidation marks a critical moment, sending ripples across the trading community.
What Happened.
A massive long position was liquidated at $23.008, indicating bulls lost significant control at this key resistance.
The liquidation reflects over-leveraged traders failing to hold their positions, as volatility takes center stage.
Technical Outlook.
Current Price:
$LINK is trading near $23 after hitting this liquidation trigger.
Key Levels to Watch:
Support Zone: $22.00 - $22.50
This range is critical to prevent further drops and might act as a rebound zone.
Resistance Levels: $23.50, $24.20
Bulls need to break these levels to regain momentum.
Market Sentiment:
Bears have taken the upper hand, pushing leveraged traders to their limits.
Bulls might look for an entry at $22.00 to $22.50, setting up a possible recovery rally.
Trade Setup (For Educational Purposes Only):
Buy Zone: $22.00 - $22.50
Target Levels:
1. $23.50
2. $24.20
Stop-Loss: Below $21.80
The liquidation battle isn’t over yet. Will $LINK bulls regroup, or is this the start of a broader correction.
Buckle up and watch the charts closely—it’s a wild ride ahead.
#BinanceAlphaAlert #BitcoinInSwissReserves #Binance250Million #XRPBackInTop3