$BNB Liquidation Alert:
$61.6K long position liquidated at $706.13!
Liquidation Details:
A $61.6K long position was liquidated at $706.13, triggering strong sell pressure and amplifying volatility in $BNB .
Current Price Action:
The liquidation has created a key support level, but the market could either stabilize or dip further depending on the overall sentiment.
Entry Point:
Look to enter near $700, where support is likely to form after the liquidation-induced decline.
First Target:
$715 (short-term resistance).
Second Target: $730 (strong technical resistance zone).
Stop Loss:
Set your stop at $690 to manage risk if the downward pressure continues.
The $BNB liquidation event offers an exciting opportunity—trade the $700–$730 range with a tactical and disciplined approach!