$BNB Here's an organic and simple breakdown of the situation with based on the data you've shared:

Market Update on $BNB

A long liquidation worth $2,791 occurred at the price level of $697.75.

This indicates that some traders holding leveraged long positions were forced to exit as the price dropped to this level.

It signals selling pressure or a potential retracement in the market.

What's Next.

Here’s what you should consider before making your next move:

Buy Zone

A good buy zone for $BNB could be around $670 to $690, depending on market conditions.

This area might offer a solid support level for entry if the price stabilizes.

Target

Short-term Target: $720

Mid-term Target: $750

Long-term Target: $800 or higher (if market momentum supports a strong rally).

Stop Loss

Place your stop loss slightly below the key support level at $660 to minimize risks in case the price drops further.

Key Points to Remember.

. Check Market Sentiment: Monitor Bitcoin and Ethereum movements as they heavily influence $BNB.

. Volume is Key: Look for increased buying volume at support levels for confirmation.

. Risk Management: Don’t risk more than 2-5% of your capital on a single trade.

Final Advice

Keep an eye on global crypto news and updates.

Sudden changes in regulations, macroeconomic events, or Binance-specific developments could impact $BNB significantly.

Trade wisely and stay updated.

Let me know if you need more details or clarification.

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