#LINK Long Liquidation Alert
Around $23.74K in long positions just got liquidated on LINK at $8.31.
That’s a decent flush. It shows bulls were leaning a bit too heavy on leverage, and the market pulled back just enough to wipe them out. When longs get liquidated, it creates forced selling — which can accelerate short-term downside.
What does this tell us?
This looks like a liquidity sweep below a key level.
Not huge for LINK overall, but strong enough to shake weak hands and reset leverage.
Now the real question is whether this was just a quick stop hunt… or the start of deeper weakness.
What to watch next 👀
• If LINK holds around $8.20 – $8.30, we could see stabilization and a bounce toward $8.60 – $8.80.
• If that zone breaks with strong volume, next support could be around $7.80 – $8.00.
The reaction around $8.30 is important right now.
Smart approach here:
• Don’t rush into revenge longs
• Watch volume and structure
• Wait for confirmation candles
• Keep leverage low
Liquidation events create opportunity — but only for patient traders who wait for clear signals.
Do you think LINK is setting up for a bounce, or is more downside coming? 📉📊
#LINK #Crypto #Liquidation #Trading #MarketUpdate
