$LINK Long Liquidation: $132K at $20.93
The #Chainlink market just saw a $132K long position liquidated at $20.93.
This major shake-up reflects a sudden increase in bearish pressure, catching traders off guard.
Key Market Insights:
The $20.93 zone is a critical support level, but its stability is uncertain after this liquidation.
This event highlights a loss of momentum in the bullish trend.
Elevated volatility suggests the potential for sharp price moves in either direction.
What Could Happen Next?
If $20.93 holds, we might see a recovery rally toward $21.50.
A breach below this level could lead to a steeper fall, possibly targeting $20.30.
Caution is key—tighten stops and avoid overexposure as market sentiment shifts.
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