Heavy long liquidations have flushed out leveraged buyers, resetting market structure around a key demand zone. This type of cleanup often creates the foundation for a healthier recovery if buyers defend support. Watch for a strong reaction before chasing momentum.
Support: 71.50
Resistance: 75.00
Next Targets: 78.00 → 82.00 → 86.00
A confirmed break above resistance would shift momentum back in favor of the bulls. Risk remains if support fails.
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