$LINK Liquidated Long: $119K at $23.88
A $119K long position in $LINK was liquidated at $23.88, as the market swung unexpectedly.
Despite a strong entry, the price movement quickly reversed, leading to a substantial liquidation.
Entry Point:
The position was opened at $23.88, with the expectation of a bullish continuation driven by recent upward momentum.
Target:
Traders were aiming for a breakout towards $25.00, targeting the next key resistance level.
Stop Loss:
The stop loss was strategically set around $23.00, but the rapid market shift hit the liquidation point before a recovery could be seen.
Crypto markets demand quick action—stay sharp and adjust accordingly to protect your positions!