$BNB Liquidation Alert: Game On at $684.17
A massive long liquidation worth $2,001.1K just triggered at $684.17, shaking the floor under BNB. This kind of flush often clears weak hands and sets the stage for the next big move. The bulls are wounded, but the battle isn't over.
Technical Analysis
Current Price Action Insight
$BNB recent rally into the high $680s was too steep and unsustainable, leading to this sharp liquidation event. This signals a high-volatility zone where market makers may soon reverse the tide.
Strategic Long Setup
Buy Zone:
$653 to $662 – This is a high-probability reversal zone based on prior support and Fibonacci retracement levels from the recent run-up.
Target Levels:
Target 1: $682 – Retesting the liquidation point
Target 2: $698 – Minor resistance above the wick high
Target 3: $720 – Psychological breakout level if momentum sustains
Stop Loss:
Below $647 – A confirmed break below this invalidates the long setup and could signal further downside to $620.
Why This Setup Matters
$BNB is now trading in a high-interest zone where institutional players often hunt for liquidity. With over $2M wiped out in long positions, the reset is complete. Smart money could start building fresh positions for the next wave.
This is not the time to chase. Let the market come to you. Precision wins. Panic loses.