🔴$ BNB LONG LIQUIDATION ALERT — $228K WIPED OUT!
A significant wave of buying pressure has been punished as $228,000 in BNB long positions was liquidated around $688.00. This liquidation event puts the spotlight on whether buyers can regain control or sellers are preparing another downward push.
📊 Market Breakdown
- Liquidated Side: Longs
- Liquidation Value: $228,000
- Liquidation Price: $688.00
- Key Pivot: $688
🎯 Levels to Watch
- Resistance: $695–$700
- Upside Target: $710–$720
- Immediate Support: $680–$675
- Critical Support: $665
⚡ Next Move — My Trading View
BNB is facing a critical decision zone. My short-term bias is cautiously bearish while price remains below $695.
A rejection near $695–$700 could invite another sell-off toward $680 and potentially $665. However, a strong recovery above $700, supported by buying volume, could shift momentum toward $710–$720.
Trade Setup:
- Bearish trigger: Rejection below $695.
- Bullish confirmation: Sustained breakout above $700.
- Invalidation: Strong reclaim and hold above $700 for the bearish setup.
🔥 Signal View: Don't rush into a long position after a liquidation event. Let price confirm its next direction before committing capital. The next move could create a fresh opportunity.
#BNB
#BinanceCoin
#CryptoTrading
#AIChipSlumpNasdaq #BitcoinFiveWeeklyLosses
A significant wave of buying pressure has been punished as $228,000 in BNB long positions was liquidated around $688.00. This liquidation event puts the spotlight on whether buyers can regain control or sellers are preparing another downward push.
📊 Market Breakdown
- Liquidated Side: Longs
- Liquidation Value: $228,000
- Liquidation Price: $688.00
- Key Pivot: $688
🎯 Levels to Watch
- Resistance: $695–$700
- Upside Target: $710–$720
- Immediate Support: $680–$675
- Critical Support: $665
⚡ Next Move — My Trading View
BNB is facing a critical decision zone. My short-term bias is cautiously bearish while price remains below $695.
A rejection near $695–$700 could invite another sell-off toward $680 and potentially $665. However, a strong recovery above $700, supported by buying volume, could shift momentum toward $710–$720.
Trade Setup:
- Bearish trigger: Rejection below $695.
- Bullish confirmation: Sustained breakout above $700.
- Invalidation: Strong reclaim and hold above $700 for the bearish setup.
🔥 Signal View: Don't rush into a long position after a liquidation event. Let price confirm its next direction before committing capital. The next move could create a fresh opportunity.
#BNB
#BinanceCoin
#CryptoTrading
#AIChipSlumpNasdaq #BitcoinFiveWeeklyLosses