$BNB Long Liquidation Alert!
A massive $35.02K long position was liquidated at $717.032, indicating strong selling pressure and a shift in market momentum.
Bulls are struggling to maintain control, and the price may face further downside.
Support Levels: Key support is at $710. If it breaks, the next level to watch is $700.
Resistance Levels: If buyers return, resistance lies at $725 and $735.
Suggested Trading Plan:
For Long Traders:
Buy Zone: $710–$705 (wait for stabilization).
Targets:
Target 1: $725 (short-term recovery).
Target 2: $735 (if bullish momentum strengthens).
Stop Loss: Place a stop-loss at $700 to manage risk.
For Short Traders:
Consider shorting below $710, targeting $700 with a stop-loss at $720.
Pro Tip:
Watch for a high-volume breakout to confirm the next direction.
Keep risk management tight as volatility is high.
Stay disciplined, follow your strategy, and let the market guide your moves!
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