$LINK Long Liquidation Alert.

Massive $9.1915K Liquidation at $21.88.

In an intense move today, Chainlink ($LINK) saw a huge long liquidation worth $9.1915K at the $21.91 price level. This liquidation marks a crucial moment in the market, and traders are on edge as we watch the price action unfold.

Key Takeaways:

Long Liquidation: Over $9K worth of long positions were wiped out.

Price Impact: The liquidation occurred at the $21.91 level, showing a possible correction or volatility ahead.

Trader Sentiment: This liquidation may indicate that bullish traders were over-leveraged or caught off-guard by a quick move down.

What's Next.

Potential Support Zone: Watch for any bounce around the $20 mark. If it holds, $LINK could look for a recovery.

Resistance: $22.50 - $23.00 might act as resistance, especially if bulls struggle to regain momentum.

Trading Strategy:

Buy Zone: Around $20.00, if the price holds strong support.

Sell Zone: Look for $22.50 - $23.00 for potential resistance.

Stop-Loss: Keep a stop-loss around $19.50 to protect from further downside.

The market is showing signs of wild price action with the liquidation wipeout—it’s a must-watch as we look for new levels to trade in $LINK Stay alert, and trade smart!

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