Long liquidations near $47.07 indicate leveraged buyers were forced out, often clearing excess optimism from the market. The next move will depend on whether buyers defend the current structure.
Support: $46.00–46.50
Resistance: $48.50–50.00
Next Target: $52.00 after a confirmed breakout.
VIP View: A strong recovery from support could shift momentum back in favor of bulls. Until then, wait for confirmation instead of chasing price. Smart entries usually come after the market proves its direction.
