đ$ CHAINLINK LONGS GET CAUGHT â $96.7K LIQUIDATED!
Chainlink traders are facing another uncomfortable moment! A total of $96,700 in leveraged LINK long positions has been wiped out at $10.31, putting buyers under pressure and raising questions about the strength of the current recovery.
đ Liquidation Breakdown
- Asset: Chainlink (LINK)
- Liquidated Side: Long
- Liquidation Value: $96,700
- Liquidation Price: $10.31
đŻ LINK'S KEY PRICE MAP
- Immediate Resistance: $10.40â$10.48
- Major Resistance: $10.60
- First Support: $10.20
- Critical Support: $10.00
- Extended Downside Target: $9.80
⥠WHAT'S MY NEXT MOVE OUTLOOK?
My short-term stance is cautiously bearish while LINK trades below $10.48.
đ» Seller Advantage: A confirmed break beneath $10.20 could expose $10.00, with $9.80 becoming the next downside area.
đą Buyer Comeback: Reclaiming $10.48 with strong volume could shift momentum toward $10.60 and potentially attract fresh buying interest.
đŻ PROFESSIONAL TRADING PLAN
I would watch for a rejection around $10.40â$10.48 before considering a short setup. If LINK instead establishes support and breaks above $10.48, the bearish scenario needs reassessment.
My verdict: BEARISH BELOW $10.48. Let the market confirm the move before taking a position.
#LINK
#Chainlink
#CryptoTrading
#AIChipSlumpNasdaq #BitcoinFiveWeeklyLosses
Chainlink traders are facing another uncomfortable moment! A total of $96,700 in leveraged LINK long positions has been wiped out at $10.31, putting buyers under pressure and raising questions about the strength of the current recovery.
đ Liquidation Breakdown
- Asset: Chainlink (LINK)
- Liquidated Side: Long
- Liquidation Value: $96,700
- Liquidation Price: $10.31
đŻ LINK'S KEY PRICE MAP
- Immediate Resistance: $10.40â$10.48
- Major Resistance: $10.60
- First Support: $10.20
- Critical Support: $10.00
- Extended Downside Target: $9.80
⥠WHAT'S MY NEXT MOVE OUTLOOK?
My short-term stance is cautiously bearish while LINK trades below $10.48.
đ» Seller Advantage: A confirmed break beneath $10.20 could expose $10.00, with $9.80 becoming the next downside area.
đą Buyer Comeback: Reclaiming $10.48 with strong volume could shift momentum toward $10.60 and potentially attract fresh buying interest.
đŻ PROFESSIONAL TRADING PLAN
I would watch for a rejection around $10.40â$10.48 before considering a short setup. If LINK instead establishes support and breaks above $10.48, the bearish scenario needs reassessment.
My verdict: BEARISH BELOW $10.48. Let the market confirm the move before taking a position.
#LINK
#Chainlink
#CryptoTrading
#AIChipSlumpNasdaq #BitcoinFiveWeeklyLosses