Chainlink Long Liquidated at $21.63 — Monitor for Volatility
I noticed a $29.8K long on LINK was liquidated at $21.63. This liquidation points to short-term selling pressure and a potential stop‑hunt around that level.
I view this as a caution flag rather than a definitive trend change — a single liquidation can increase volatility but needs confirming volume or follow‑through to matter more.
I'm watching price action and order flow closely; I won't add size to longs until LINK stabilizes above immediate support or shows a clear rebound.
Analysis
Recommendation
Watch price action and avoid initiating new long positions until LINK shows stabilization or a clear rebound above nearby support; use tight risk controls if trading the move.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.