$BNB is seeing significant liquidations, with recent events showing a massive $108K short position getting wiped out.
The bulls are gaining momentum, and with resistance levels being broken, there's a strong chance for a surge towards new highs, potentially breaking the $600 mark.
However, as $BNB is already at critical levels, traders need to stay alert, as the volatility could lead to rapid shifts.
It's a bullish phase for now, but caution is advised, especially if the price fails to maintain key levels like $600.
Traders might consider waiting for confirmation of support holding or a consolidation phase before deciding to enter further positions.
Keep an eye on the $600 level to gauge if this bullish momentum can sustain.
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