$BNB Recently, Binance liquidated a short position on BNB/USDT at a price of $660. This event indicates a significant price move in BNB, and traders are now wondering what the next steps are. If you're planning to enter a trade or adjust your positions, it's important to understand the current market conditions and key levels to watch.

Current Market Overview.

Price of BNB/USDT has experienced volatility due to this liquidation event.

The market sentiment is likely shifting, and traders will be looking for key entry and exit points.

What’s Next for BNB/USDT.

Let’s break down the technical levels to watch for.

Buy Zone.

$660–$670

This zone offers a potential entry point for a buy trade, especially if the price shows signs of stabilization after the liquidation event. If BNB reaches this range and consolidates, it could signal a good entry point for a bullish move.

Target.

$700–$720

The next target level would be $700 to $720. This is based on recent resistance levels and previous highs. A move toward this range can be expected if the market sentiment remains positive and the buying pressure continues.

Stop Loss.

$640–$630

Place your stop loss at $640 or $630 to manage risk. If the price drops below this range, it might indicate a bearish reversal, and it’s better to exit the position to limit losses.

Strategy Moving Forward.

Watch for Price Confirmation. Don’t enter a trade until you see confirmation. If the price consolidates at the buy zone ($660–$670) and starts trending upwards, that’s your cue to enter.

Monitor Market Sentiment. Keep an eye on news or any big moves from whales or major exchanges. These could impact the price direction.

Manage Risk. Use proper risk management strategies. Don’t risk more than 1-2% of your capital on any single trade.

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