Liquidation Reference: $697.37
Entry Zone: $699 – $702
Stop Loss: $686
Take Profit 1: $716
Take Profit 2: $732
Take Profit 3: $748
Market Analysis:
BNB experienced notable long liquidations near $697.37, highlighting an area to monitor for potential buyer interest. If price stabilizes and reclaims $702 with convincing volume, a recovery toward the next resistance zones becomes possible. Failure to recover this level could leave the market vulnerable to further downside.
Invalidation: A decisive breakdown below $686 invalidates the bullish scenario.
Use a confirmed entry, sensible leverage and a predefined risk limit.
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