$BNB Market Jolt: $1.202K Short Liquidated at $679.12!
A dramatic $1.202K short liquidation just occurred at $679.12, signaling a surge in bullish momentum as bears lost their grip.
This liquidation highlights growing strength on the upside for BNB, breaking through a critical resistance level.
What Happened?
1. Bear Squeeze: Shorts were forced to cover as BNB’s price pushed higher, triggering a liquidation cascade.
2. Bullish Momentum: The break above $679 confirms buyer dominance, putting bears on the back foot.
What’s Next?
1. Key Levels to Watch:
Resistance: $700 — A psychological barrier; breaching it could open the door to $725 or higher.
Support: $670 — Bulls need to defend this zone to maintain momentum.
2. Strategic Moves:
Long Opportunities: Consider entering cautiously on dips above $670 with tight stop-losses.
Short Caution: Avoid heavy shorts unless $670 breaks decisively.
3. Volume Check: Rising volume could signal a sustained breakout; weak volume may hint at a false rally.
The $BNB market is heating up fast—brace for explosive moves as bulls and bears battle for control!