$LINK Liquidated Long: $61.7K at $24.72
Massive shakeout in #LINK today! A $61.7K long position got completely liquidated at $24.72, as the price failed to hold strong and bears took control.
Bulls were caught off guard in this sharp move lower.
What’s next for $LINK
The liquidation suggests that the market may be entering a correction phase.
If the price doesn’t quickly find support, further downside could be ahead. Key levels to monitor:
• $21.50 support: Watch for potential rebounds around this level.
• $26.00 resistance: A break above this level could signal a return to bullish momentum.
Next move?
Look for price action around $21.50 to determine the next step.
If support holds, consider long entries, but be cautious of any further downside.
Monitor the resistance at $23.00 before making any decisive moves.
Trade carefully and keep risk management top of mind!