$BNB /USDT: Binance Coin Flash Crash - Buyers Stepping In?
+0.86% today = flat. -3.55% weekly, -35.26% monthly. Pumped to $626.08, flash crashed to $609.30, recovering at $616.98.
The Play:
📈 BUY Zone: $614-$616.98 (support above flash crash low)
🎯 Targets: $620 | $624 | $626.08 (pre-crash level)
🛑 Stop: $609
OR if rejection:
📉 SHORT Zone: $620-$626 (resistance zone)
🎯 Targets: $615 | $612 | $609.30 (flash crash low)
🛑 Stop: $628
Key Levels: Volume 60.38M USDT. Massive red candle flash crash from $626 to $609.30 - now recovering. Above MA(5) but below MA(10) = mixed. Volume spike on crash = capitulation candle. 90-day -34%, 180-day -27%, 1-year -8.48%.
Flash crash = shakeout or breakdown?
⚠️ DYOR - BNB hit $626.08 then FLASH CRASHED to $609.30 in one candle. Huge volume spike on dump = either capitulation (BNB/USDT: Binance Coin Flash Crash - Buyers Stepping In?
+0.86% today = flat. -3.55% weekly, -35.26% monthly. Pumped to $626.08, flash crashed to $609.30, recovering at $616.98.
The Play:
📈 BUY Zone: $614-$616.98 (support above flash crash low)
🎯 Targets: $620 | $624 | $626.08 (pre-crash level)
🛑 Stop: $609
OR if rejection:
📉 SHORT Zone: $620-$626 (resistance zone)
🎯 Targets: $615 | $612 | $609.30 (flash crash low)
🛑 Stop: $628
Key Levels: Volume 60.38M USDT. Massive red candle flash crash from $626 to $609.30 - now recovering. Above MA(5) but below MA(10) = mixed. Volume spike on crash = capitulation candle. 90-day -34%, 180-day -27%, 1-year -8.48%.
Flash crash = shakeout or breakdown?
⚠️ DYOR - BNB hit $626.08 then FLASH CRASHED to $609.30 in one candle. Huge volume spike on dump = either capitulation (bullish) or distribution (bearish). Now recovering to $616.98. Down -35% monthly, -34% in 90 days. Watch $620 resistance - reclaim = recovery confirmed, fail = retest $609.
Risk Level: HIGH 🔥🔥
