🚨 $LINK Long Liquidation Alert! 🚨
💰 Liquidation Value: $54.534K
📉 Price: $26.885
Chainlink ($LINK ) just saw a massive long liquidation at $26.885! Weak longs have been wiped out, which might lead to either a continued drop or a powerful reversal. This is your chance to act strategically. Let’s dive into the details and set up a solid trading plan.
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What’s Next for LINK?
This liquidation shows the market is shaking out over-leveraged positions. If buyers step in, we could see a rebound. If selling pressure continues, expect a deeper correction.
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Entry Plan (Buy Zone)
Buy Zone 1: $26.50 – $27.00 (if LINK shows signs of stabilizing around this level).
Buy Zone 2: $25.50 – $26.00 (safer entry at stronger support if prices drop further).
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Target Zones (Take Profit)
Target 1: $28.00 (quick bounce recovery level).
Target 2: $29.50 (resistance from recent highs).
Target 3: $31.00 (major breakout zone if bulls take over).
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Stop Loss
To protect your capital, place a stop-loss at:
$25.40 (below key support to limit downside risk).
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Key Levels to Watch
1. $26.50: Immediate support; LINK needs to hold above this to prevent further drops.
2. $25.50: Stronger support zone; bulls may aggressively defend this level.
3. $28.00: First resistance; a breakout here could fuel further upside.
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Pro Tips for Trading LINK
Wait for Confirmation: Let LINK show signs of a bounce or consolidation before entering a position.
Monitor Volume: A rise in trading volume is a strong signal for a potential reversal.
Keep an Eye on BTC & ETH: LINK often moves in tandem with the broader crypto market.
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💡 Final Thought: This long liquidation could create a perfect buy-the-dip opportunity, but be cautious and stick to your plan. The market can be volatile—manage your risk with proper stop-losses and take profits at key levels.
What’s your move—are you buying the dip or waiting for more clarity? strategy!
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