$BNB Long Liquidation: $24.976K at $1182.592

This correction on BNB is a healthy reset after an intense bullish leg. The market needed to cool off and clear over-leveraged longs — these shakeouts often come right before strong continuation phases. I’m watching this area closely because it’s a powerful technical zone where buyers have stepped in multiple times.

📊 Trade Setup:

Entry Zone: $1175 – $1190

Target 1: $1215

Target 2: $1245

Stop Loss: Below $1162

This zone is strong support, aligning with a previous reaction base where BNB launched its last major push. It also coincides with the 50–61.8% Fibonacci retracement of the last upward leg — a classic accumulation zone where big players tend to reload.

If this level holds, I’m seeing bulls quietly rebuilding positions. The liquidation flushed weak positions and reset funding, giving BNB room to regain structure. I’m watching for a daily close above $1200 — that could confirm renewed strength and open the path toward the upper targets.