$BNC Liquidation Reference: $696.78
Entry Zone: $699 – $703
Stop Loss: $684
Take Profit 1: $720
Take Profit 2: $740
Take Profit 3: $760
Market Analysis:
The liquidation near $696.78 provides a reference level for monitoring a possible recovery. Buyers need to defend the nearby price area and establish acceptance above $703. A volume-supported breakout could open the way toward higher resistance levels. Without confirmation, the market may continue consolidating or retest lower support.
Invalidation: A sustained breakdown below $684 cancels the long idea.
Protect capital through appropriate position sizing and risk management.
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