$BNB Long Position Liquidated: $112K at $748.11
Update on Binance Coin (BNB):
A major long position worth $112K was liquidated at $748.11, reflecting intense market pressure. This liquidation suggests that the recent bullish momentum is facing challenges.
What’s Next for $BNB ?
The liquidation could lead to a short-term price pullback, with support levels likely around $730.
If $730 holds, BNB may see a potential rebound, but a drop below this level could signal further weakness, possibly testing $700.
Pay attention to volume and any signs of trend reversal for clearer direction.
Trading Tip:
Exercise caution and avoid jumping into positions without a clear confirmation of trend strength.
Risk management is key in navigating these volatile moves.
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