$BNB
Long liquidations at $602.81 indicate that buyers attempted to defend the $600 psychological level but failed. The rejection suggests distribution near resistance and a potential continuation toward lower liquidity zones.
Trend: Weakening bullish structure, transitioning to bearish on lower timeframes
Key resistance: $605.00 – $610.00
Key support: $590.00 – $575.00
Price is trading below the recent support flip zone, and the $600 level now acts as intraday resistance. Sellers are controlling momentum.
EP (Entry Price): $598.00 – $602.00
TP1: $590.00
TP2: $582.00
TP3: $575.00
SL: $612.00
• Current trend shows loss of higher-low structure, signaling structural weakness.
• Momentum indicators reflect selling pressure after liquidity was cleared above $602.00.
• Price is likely to rotate toward the next strong demand zone near $575.00 where prior accumulation occurred.