$LINK Long Flush: $16.01K Unwound at $16.118 – Bulls on the Ropes?
A sharp liquidation event just rocked the $LINK market, with approximately $16,010 in long positions flushed at $16.118, signaling a sudden and decisive blow to bullish momentum. The aggressive unwind suggests that many traders were caught offside as price failed to hold key support, forcing a cascade of stop-loss triggers.
TRADE SETUP – Critical Reversal Zone
Entry Zone: $16.05 – $16.15
Watch for strong bullish candles, high volume wicks, or bullish divergence on lower timeframes.
Target Levels:
• TP1: $16.48
• TP2: $16.85
• TP3: $17.30
Stop Loss: Below $15.88
