$BNX Short Liquidation: $5.0605K at $668.493
🚨 Market Alert:
Liquidation Type: Short
Liquidation Value: $5,060.50
Liquidation Price: $668.493
💹 Market Insight:
BNC surged sharply, liquidating shorts as bulls seized control.
With momentum on their side, traders should prepare for potential upside targets while watching critical levels.
🔥 Trading Strategy:
Entry Point: Enter near $670.00 to align with the bullish trend.
Target 1: Set your sights on $690.00, the next resistance (~3% potential gain).
Target 2: If buying pressure continues, aim for $720.00, a major resistance zone.
Stop Loss: Place a stop at $650.00 to protect against downside risks.
💥 Key Levels to Monitor:
Support Zone: $660.00 is strong support; a dip here could attract buyers.
Breakout Potential: A sustained move above $690.00 could trigger a rally toward $750.00, supported by fresh buying interest.
🔔 Pro Tip:
Watch for high trading volume near $670.00 to confirm momentum.
Adjust your targets and stop-loss levels based on price action near resistance zones.