$BNB / USDT – Long Liquidation Puts Buyers on Alert
BNB recorded a $3.7637K long liquidation at $735.10. This suggests that leveraged bullish traders were forced to close positions, potentially increasing short-term selling pressure. Buyers need to defend nearby support to prevent further downside.
Potential Entry Zone: $731–$736
Upside Targets: $741 / $748
Downside Targets: $727 / $720
Protective Stop-Loss: Below $726 for a long setup
Short-Term Bias: Neutral to bearish
A recovery above $736 could help restore bullish momentum. If BNB breaks below support, sellers may retain control.
#BinancePick
#EarningsSeason
#BitmineAdds10452ETH
BNB recorded a $3.7637K long liquidation at $735.10. This suggests that leveraged bullish traders were forced to close positions, potentially increasing short-term selling pressure. Buyers need to defend nearby support to prevent further downside.
Potential Entry Zone: $731–$736
Upside Targets: $741 / $748
Downside Targets: $727 / $720
Protective Stop-Loss: Below $726 for a long setup
Short-Term Bias: Neutral to bearish
A recovery above $736 could help restore bullish momentum. If BNB breaks below support, sellers may retain control.
#BinancePick
#EarningsSeason
#BitmineAdds10452ETH