$BNB Liquidation Alert: $89.7K long position liquidated at $705.12!
Market Breakdown for $BNB
Liquidation Details: A massive $89.7K long position was liquidated at $705.12, fueling intense sell pressure and creating volatility in $BNB.
Current Price Action: The liquidation has sparked a sharp decline, but it could also present a potential buying opportunity if the market finds support.
Entry Point:
Look for an entry near $700, a potential support zone after the liquidation-driven drop.
First Target:
$715 (short-term resistance level).
Second Target: $730 (key resistance zone for a recovery).
Stop Loss:
Set your stop at $690 to limit risk in case bearish momentum extends.
This $BNB liquidation creates a prime trading opportunity—capitalize within the $700–$730 range with strategic entries and tight risk management!