🔻 $BNB Breakdown: $50.6K Long Liquidation at $643.51
A $50.6K long position was liquidated at $643.51, signaling that sellers are exerting dominance.
This liquidation reflects waning bullish strength, with potential for further downside if key supports are breached.
Action Plan for Traders:
1. For Bears:
A drop below $640 could pave the way toward $625 or even $610.
Consider shorting on a failed retest of $645–$650, with a stop-loss above $655.
2. For Bulls:
If $BNB stabilizes above $640, a recovery to $655 or higher is possible.
Look for bullish reversal signals before entering, and use a tight stop around $635.
Crucial Price Levels:
Support: $640, $625
Resistance: $650, $655
BNB is under pressure—monitor the market closely for breakout or breakdown opportunities.
Precision is key!
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