🚨 $BNB BUYERS TAKE A HIT — $90.7K IN LONGS WIPED OUT!
The latest liquidation event has put BNB bulls under pressure. A $90.7K long position was liquidated at $693.92, highlighting the risk facing leveraged buyers around this price zone.
📊 **Liquidation Snapshot**
- Asset: Binance Coin (BNB)
- Liquidated Side: Long
- Total Value: $90.7K
- Liquidation Price: $693.92
🔥 **Critical Market Levels**
- Key Pivot: $693.92
- Resistance Zone: $700–$705
- Upside Target: $712–$720
- Immediate Support: $688
- Major Support: $680–$675
⚔️ Trading Outlook BNB's short-term structure needs caution. Recent market data places $690 as an important support area, while $680 is the next downside level to monitor. A recovery above $700–$710 could bring buyers back into control. CoinDCX +1
📈 My Verdict: Slightly bearish below $700. A confirmed breakdown below $688 could favor sellers, while reclaiming $705 with strong volume would shift momentum toward the bulls.
🎯 Watch the $690 reaction closely. The next decisive move could expose where liquidity is building.
⚠️ Not financial advice. Use stop-loss protection and avoid excessive leverage.
#BNB
#BNBAnalysis
#CryptoTrading
#AIChipSlumpNasdaq #BitcoinFiveWeeklyLosses
The latest liquidation event has put BNB bulls under pressure. A $90.7K long position was liquidated at $693.92, highlighting the risk facing leveraged buyers around this price zone.
📊 **Liquidation Snapshot**
- Asset: Binance Coin (BNB)
- Liquidated Side: Long
- Total Value: $90.7K
- Liquidation Price: $693.92
🔥 **Critical Market Levels**
- Key Pivot: $693.92
- Resistance Zone: $700–$705
- Upside Target: $712–$720
- Immediate Support: $688
- Major Support: $680–$675
⚔️ Trading Outlook BNB's short-term structure needs caution. Recent market data places $690 as an important support area, while $680 is the next downside level to monitor. A recovery above $700–$710 could bring buyers back into control. CoinDCX +1
📈 My Verdict: Slightly bearish below $700. A confirmed breakdown below $688 could favor sellers, while reclaiming $705 with strong volume would shift momentum toward the bulls.
🎯 Watch the $690 reaction closely. The next decisive move could expose where liquidity is building.
⚠️ Not financial advice. Use stop-loss protection and avoid excessive leverage.
#BNB
#BNBAnalysis
#CryptoTrading
#AIChipSlumpNasdaq #BitcoinFiveWeeklyLosses