$BNB Long Liquidation Spike: Is the Next Big Move Loading?
A massive long liquidation of $6,515 just triggered at $651.95 – a clear sign of shaken bulls and potential for a high-volatility setup. When the market liquidates longs at such levels, it often indicates either a deeper correction brewing or a perfect retest before a breakout. The real question: is $BNB about to bounce or bleed?
Here’s the full technical breakdown:
$BNB /USDT Analysis
Buy Zone:
$638 – $645
This is a strong demand zone where past price reactions suggest buyers step in heavily. The recent liquidation has brought price near this zone, offering a potential re-entry for strategic bulls.
Target Levels:
• Target 1: $660
• Target 2: $675
• Target 3 (Extended): $690
These levels align with Fibonacci extensions and historical resistance zones. If bulls regain momentum, we may see a quick rally back toward $675 and beyond.
Stop Loss:
• $629
If BNB breaks below $629 with volume, it would confirm weakness and invalidate the bullish structure in the short term. Risk should be tightly managed.
Technical Insight:
• The liquidation at $651.95 likely flushed weak hands.
• RSI is approaching oversold territory on the 4H timeframe, suggesting a possible bounce.
• Volume profile shows a strong support cluster in the $638–$645 zone.
This setup demands patience, precision, and discipline. Don’t chase the move—plan it.
