Explosive Move: $BNB Short Liquidation Shatters Resistance!
A massive short liquidation of $5.4506K at $706.04 has sent shockwaves through the BNB market, signaling intense bullish momentum.
The battle between buyers and sellers has reached a critical point.
Key Details:
Liquidation Amount: $5.4506K
Trigger Price: $706.04
Market Sentiment: Strong bullish breakout.
Next Move:
1. Upside Potential: If $706.04 holds as support, $BNB could target the next resistance at $720.
2. Watch for Reversal: Failure to sustain above $706.04 could see a pullback toward $695, a key support zone.
3. Volume Surge: Keep an eye on trading volume; a spike could confirm continued bullish momentum.
Suggested Stop Loss:
For Longs: Place a stop loss below $695 to secure profits if the rally falters.
For Shorts: Tighten stops above $710, as a sustained breakout could push prices higher.
The $BNB market is heating up—prepare for high volatility and swift moves as traders react to this pivotal event.