The price of $BNB / USDT continues to come under pressure and is already at 660.8.
What has changed:
On the 24-hour chart, the largest long liquidation level has shifted lower — it’s now at 651.
On the 3-day chart, the main long cluster is at 658.
The price moved through the 662–663 zone without a strong buyer reaction.
Our setup:
We planned to enter in the 662.50–664.00 zone, with a stop at 658.50.
The price is now below our entry zone and approaching the stop.
Buyers failed to defend the 662–663 zone.
Conclusion:
The setup for a bounce from 662–664 didn’t work.
The level has been broken.
Recommendation:
If the limit orders are still active, cancel them.
Don’t enter a position.
Wait for the price to either find a bottom lower down (around 651–655) or show a clear reaction.
For now, it’s better to stay in cash.
Don’t try to catch a falling knife.
What has changed:
On the 24-hour chart, the largest long liquidation level has shifted lower — it’s now at 651.
On the 3-day chart, the main long cluster is at 658.
The price moved through the 662–663 zone without a strong buyer reaction.
Our setup:
We planned to enter in the 662.50–664.00 zone, with a stop at 658.50.
The price is now below our entry zone and approaching the stop.
Buyers failed to defend the 662–663 zone.
Conclusion:
The setup for a bounce from 662–664 didn’t work.
The level has been broken.
Recommendation:
If the limit orders are still active, cancel them.
Don’t enter a position.
Wait for the price to either find a bottom lower down (around 651–655) or show a clear reaction.
For now, it’s better to stay in cash.
Don’t try to catch a falling knife.
