$LINK Here’s an organic and simple breakdown for Chainlink ($LINK) long liquidation scenario.

Long Liquidation: $2.47K at $22.936 What’s Next.

Chainlink ($LINK) saw a large liquidation of $2.47K at the price of $22.936. This could be a sign of price volatility in the short term. Let’s break down the situation for potential buy zones, target levels, and Stop loss points.

What’s Happening Now.

Long liquidations typically occur when the market moves against leveraged positions, causing traders to exit their positions quickly.

This event may push the price to lower levels temporarily before it recovers. The current price might show us possible buying opportunities if we see a bounce back.

Key Levels to Watch.

1. Buy Zone.

$22.00 - $22.50: This could be a strong support level. Look for price to stabilize and bounce from here before entering a position.

If $22.00 holds as support, the price may rally back up.

2. Target.

$25.00 - $26.00. These levels could be the short-term targets. If $LINK rises after finding support, it could aim for these zones next.

$30.00: This is a longer term target if the bullish trend continues after a recovery.

3. Stop loss.

$21.50. If the price breaks below this level, there could be further downside potential. Set your Stop loss around here to minimize losses in case the market turns against you.

Trading Strategy.

Wait for Confirmation. Look for price action confirmation, like a bounce from the buy zone, or a strong reversal candlestick pattern before entering.

Risk Management. Always use a proper stop loss to protect yourself from unexpected price moves. Never risk more than you are willing to lose.

Conclusion.

If $LINK finds support near $22.00 - $22.50, it could be a good opportunity for a potential long position. However, remember to always have a stop-loss in place and target realistic price levels like $25.00 or $26.00.

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