$BNB Short Liquidation Alert!
$9.1972K in Shorts Liquidated at $659.77
The Binance Coin (BNB) market is surging after a significant short squeeze, paving the way for potential bullish continuation. Here’s everything you need to know:
Key Market Data:
Current Price: ~$660 (approx.)
Liquidation Level: $659.77
Market Sentiment: Bullish, with growing demand above critical levels.
Entry Point:
Optimal Long Entry: $658-$662, capitalizing on the breakout momentum.
Target Levels:
1. Short-Term Target: $670
2. Mid-Term Target: $685
3. Stretch Target: $700
Stop Loss:
Place a stop-loss below $650 to manage downside risks.
Trading Strategies:
1. Scalpers: Enter near $660 and target exits at $665-$670 with tight risk management.
2. Swing Traders: Build positions in the $658-$662 range, aiming for $685-$700 over the medium term.
3. HODLers: Accumulate cautiously, as BNB’s fundamentals support potential long-term upside.
Key Levels to Watch:
Resistance: $670 (short-term) and $685 (mid-term).
Support: $658 (critical to maintain bullish momentum).
Risk Reminder:
Crypto markets are volatile and unpredictable.
Always DYOR (Do Your Own Research) and manage your risk effectively.
BNB is rallying! Will bulls maintain control and push past $670, or will resistance take over? Stay sharp!
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