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BNB

BNB Long Liquidation Signals Short-Term Weakness

I note a long on BNB worth $65.6K was liquidated at $844.49.

I see this as evidence that leveraged longs were vulnerable and that the event likely added short-term selling pressure around current levels.

I'm not rushing into new longs; I'll wait for clear support and lower leverage before considering re-entry.

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Analysis

I view the $65.6K liquidation at $844.49 as a sign that leveraged longs were knocked out, increasing short-term selling momentum. Watch volume, nearby support levels, and follow-through price action t...

Recommendation

I'm avoiding adding long exposure now — reduce or hedge existing longs and wait for confirmed support before re-entering. Short-term traders may trim positions or tighten stops; long-term holders shou...

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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