$BNB Short Liquidation Update
Shorts worth $15.64K were liquidated at $1,042.65, showing a clear shift in momentum.
Key Levels
Support: $1,020 – $1,030
Resistance 1: $1,055
Resistance 2: $1,075 – $1,090
Market Insight
The short squeeze suggests strong buying pressure. Bulls need to secure a close above $1,055 to confirm continuation. A failure here could trigger a retest of the $1,020 zone.
Trade Strategy
Buy Entry: $1,025 – $1,035
Targets: $1,055 and $1,075
Stop-Loss: Below $1,015
Profit-Taking: $1,075 – $1,090 if resistance holds
Next Move
Watch for consolidation between $1,030 – $1,055. A decisive breakout signals room for a push toward $1,090.
#bnb #FedRateCut25bps #USBitcoinReserveDiscussion #GoldHitsRecordHigh