$BNB Long Liquidation: Major Market Move Shakes Confidence!
A significant $1.8744K long liquidation at $696.79 has sent ripples through the $BNB market, signaling elevated volatility and a crucial moment for traders.
Key Details:
Liquidation Amount: $1.8744K
Liquidation Price: $696.79
Market Sentiment: Bearish momentum is gaining ground, pressuring leveraged long positions.
Next Move:
Support Level to Watch: $680.00 – A critical area where buyers may step in to halt the sell-off.
Resistance Level: $710.00 – Bulls need to push past this level to regain control and spark recovery.
Stop-Loss Guidance:
For Long Positions: Place stop-loss below $675.00 to minimize further losses.
For Short Positions: Tighten stop-loss above $715.00 to secure profits.
The $BNB market is at a turning poin
Keep a close eye on these levels and act swiftly to align with the momentum!