๐จ$ CHAINLINK ALERT: $161,000 IN LONG POSITIONS JUST GOT WIPED OUT!
LINK bulls are under pressure! A significant $161K long liquidation at $10.35 highlights the risk facing leveraged buyers and puts Chainlink's next support test in the spotlight.
๐ Liquidation Snapshot
- Coin: $LINK
- Liquidated Position: Long
- Total Value: $161,000
- Liquidation Price: $10.35
๐ฏ THE LEVELS THAT MATTER
- Immediate Support: $10.20โ$10.00
- Critical Support: $9.70โ$9.50
- First Resistance: $10.55โ$10.70
- Major Recovery Zone: $10.90โ$11.10
โ๏ธ My LINK Trading Outlook
The latest liquidation puts bears in an interesting position. If LINK loses the $10.00 psychological zone, another wave of long liquidations could push price toward $9.70.
However, I wouldn't rule out a bullish recovery. A strong reclaim of $10.70, supported by buying volume, could shift momentum toward $10.90โ$11.10.
Trade Setup:
- Bearish trigger: Confirmed breakdown below $10.00.
- Bullish trigger: Strong reclaim above $10.70.
- Invalidation: Reassess the bearish setup if LINK establishes support above $10.70.
๐ฅ Bottom Line: LINK is approaching a crucial decision zone. Watch the $10.00 support closely โ the next move could determine whether sellers extend their control or buyers stage a comeback.
#LINK
#Chainlink
#CryptoMarket
#AIChipSlumpNasdaq #TradFiForBeginners
LINK bulls are under pressure! A significant $161K long liquidation at $10.35 highlights the risk facing leveraged buyers and puts Chainlink's next support test in the spotlight.
๐ Liquidation Snapshot
- Coin: $LINK
- Liquidated Position: Long
- Total Value: $161,000
- Liquidation Price: $10.35
๐ฏ THE LEVELS THAT MATTER
- Immediate Support: $10.20โ$10.00
- Critical Support: $9.70โ$9.50
- First Resistance: $10.55โ$10.70
- Major Recovery Zone: $10.90โ$11.10
โ๏ธ My LINK Trading Outlook
The latest liquidation puts bears in an interesting position. If LINK loses the $10.00 psychological zone, another wave of long liquidations could push price toward $9.70.
However, I wouldn't rule out a bullish recovery. A strong reclaim of $10.70, supported by buying volume, could shift momentum toward $10.90โ$11.10.
Trade Setup:
- Bearish trigger: Confirmed breakdown below $10.00.
- Bullish trigger: Strong reclaim above $10.70.
- Invalidation: Reassess the bearish setup if LINK establishes support above $10.70.
๐ฅ Bottom Line: LINK is approaching a crucial decision zone. Watch the $10.00 support closely โ the next move could determine whether sellers extend their control or buyers stage a comeback.
#LINK
#Chainlink
#CryptoMarket
#AIChipSlumpNasdaq #TradFiForBeginners