Chainlink Long Liquidation Signals Short-Term Weakness
I note a large Chainlink (LINK) long was liquidated — about $139K closed at $25.23. That indicates a levered long was stopped out and created short-term selling pressure around that price.
I see this as a warning sign: forced deleveraging can push price below nearby support and attract further downside until buyers step in. Volume and order-book reaction around $25 will tell the story.
I'll avoid initiating fresh long exposure here and prefer to wait for clear stabilization or a verified support retest before increasing size.
Analysis
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Disclaimer
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