$BNB Short Liquidation Alert
A significant short liquidation just occurred, totaling $10.386K at a price of $686.03. This shows high volatility in the market and indicates that traders are getting squeezed in their positions.
Key Details:
Short Liquidation Amount: $10.386K
Liquidation Price: $686.03
Market Implication: Increased volatility, potential upward movement as shorts get cleared.
Next Move for $BNB :
Watch for any price retracement or consolidation around this level.
If the price maintains above $686, we could see further bullish momentum.
Resistance Zone: $700 - $710
Support Zone: $670 - $660
Strategy $BNB :
For bulls: Consider entering on any pullback near support zones, keeping stops below $660.
For bears: Wait for a solid price reversal below $670 before considering shorts.
Stay cautious, and keep an eye on any rapid market changes!
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