🔴 LINK ALERT: Bulls Just Took a $179K Hit! ⚠️
Chainlink (#LINK) has witnessed $179,000 in long liquidations at $11.61, signaling serious pressure on leveraged buyers. The latest flush puts the spotlight on whether LINK can stabilize or face another wave of selling.
📊 Market Setup
Liquidation Level: $11.61
Longs Wiped Out: $179K
Key Pivot: $11.60
Immediate Resistance: $11.80–$12.00
Support Watch: $11.40–$11.20
🎯 My Next-Move Bias: Cautiously Bearish
If LINK remains below $11.80, sellers could retain control, with $11.40 and $11.20 as downside levels to monitor. A decisive breakdown below $11.20 may expose further weakness.
#BinancePick #SouthKoreaPlansToRegulateStablecoinsUnderFXLaw #EarningsSeason #OCCRemovesStablecoinSevenDayRedemptionExtension #USConsumerSentimentHoldsAtSecondLowestOnRecord
Chainlink (#LINK) has witnessed $179,000 in long liquidations at $11.61, signaling serious pressure on leveraged buyers. The latest flush puts the spotlight on whether LINK can stabilize or face another wave of selling.
📊 Market Setup
Liquidation Level: $11.61
Longs Wiped Out: $179K
Key Pivot: $11.60
Immediate Resistance: $11.80–$12.00
Support Watch: $11.40–$11.20
🎯 My Next-Move Bias: Cautiously Bearish
If LINK remains below $11.80, sellers could retain control, with $11.40 and $11.20 as downside levels to monitor. A decisive breakdown below $11.20 may expose further weakness.
#BinancePick #SouthKoreaPlansToRegulateStablecoinsUnderFXLaw #EarningsSeason #OCCRemovesStablecoinSevenDayRedemptionExtension #USConsumerSentimentHoldsAtSecondLowestOnRecord