Alert: $LINK Long Liquidation of $81.2K at $20.21
A significant $81,200 long position in Chainlink ($LINK) has been liquidated at $20.21, signaling potential market instability.
Key Details:
Coin: Chainlink ($LINK)
Liquidation Amount: $81,200
Liquidation Price: $20.21
Next Move:
If selling pressure continues, $LINK could test lower support levels.
Bulls need to reclaim key resistance to regain control.
Support and Resistance Levels:
Support: $19.80 (critical for holding ground)
Resistance: $20.50 (key level to break for recovery)
Buy or Sell Recommendation:
Sell if the price falls below $19.80, as it could trigger a drop toward $19.50.
Buy only if $LINK breaks above $20.50 with strong momentum, targeting $21.00 next.
Set a stop loss at $19.70 for sells and $20.30 for buys to minimize risks. Stay alert for volatility!