$BNB just triggered a short liquidation worth $3.0196K at $629.08, showing that bears betting against the move were forced out as price pushed higher. Liquidation events like this often create short bursts of momentum because closing short positions adds extra buying pressure. With BNB holding above the $625–$630 zone, traders are watching closely to see if momentum continues toward the next resistance levels.
Trade Setup Idea (Momentum Play):
EP (Entry Price): $632
TP (Take Profit):
• TP1: $645
• TP2: $660
SL (Stop Loss): $618
SL Entry Level Kay Sat: If price drops and closes below $618, the bullish setup weakens and the trade should be invalidated.
Always watch trading volume and overall market sentiment. If more short liquidations appear above, BNB could extend the move further. Proper risk management is essential, especially in volatile conditions.