sell

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.

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Analysis

The $139K liquidation at $25.23 reflects leveraged longs being forced out, likely creating transient downward momentum. While not catastrophic relative to LINK's market size, it highlights short-term ...

Recommendation

I recommend reducing or avoiding fresh long positions until price shows consolidation or reclaim of key support; use tight risk management if holding, and consider buying only on confirmed weakness or...

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.

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