$BNB Long Liquidation: $14.247K at $699.09

BNB has experienced a significant long liquidation at $699.09. This sudden liquidation could trigger a price dip, but it may also offer an opportunity for potential buyers if support is found.

Key Levels to Watch:

Buy Zone: $695 - $705

Targets:

First Target: $725

Second Target: $750

Third Target: $780

Stop Loss: $680

Plan of Action:

1. Entry:

Watch for stabilization in the $695 - $705 zone.

Look for signs of upward momentum (e.g., a price bounce or volume increase).

2. Targets:

$725: First resistance level, take partial profits here.

$750: Consider taking more profits at this level.

$780: Set as the long-term target if the price continues to rise.

3. Stop Loss:

Set a stop loss at $680 to protect your position.

Conclusion:

If the price finds support in the buy zone and shows signs of recovery, $BNB could push higher. Always ensure to stick to your risk management strategy for better control.

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