Massive Long Liquidation Alert: $LINK Traders Shaken!
Chainlink just witnessed a long liquidation of $1,485.8 at $15.76 – a clear sign of volatility shaking weak hands! Is this the perfect storm... or a golden entry?
Analysis: Eyes on the Zone!
$LINK has been dancing on the edge of a key support level. The long liquidation flush at $15.76 could indicate:
Buy Zone:
$14.90 – $15.30 (Ideal re-entry range if support holds)
Accumulation likely to build here. Watch for volume confirmation.
Stop-Loss:
$14.45
If price breaks below this, expect further downside pressure. Protect your capital!
Targets (Bullish Bounce Scenario):
Target 1: $16.20 (Close previous support flip)
Target 2: $17.10 (Key resistance zone with liquidity pockets)
Target 3: $18.50 (High-volume breakout zone if bulls take control)
Breakdown:
$LINK bulls are getting tested. Whales may be hunting stop-losses to reload. This liquidation could be just the bait. Smart money enters when fear spikes. Watch price reaction around $15.00 zone – that’s where the next big move may ignite!
Trend Watch:
RSI approaching oversold
Volume spikes = whale action
Break above $16.20 = bullish confirmation