CL at capitulation low: reclaim toward $87CLUSDT Perpetual Swap ContractOKX:CLUSDT.P3CommasThe Macro Picture 🗺️ The prior bullish reversal thesis was directionally right but structurally early — the $87 floor failed within days of that post, dragging price through $84 and into the $78 zone before any meaningful reversal could materialize. That extension delivered the full May 27 deferred bearish target and brought the chart down to the April capitulation reference. RSI has dropped to ~30 for the first time in the entire structure — the highest-confluence oversold reading on the daily, sitting precisely where the original capitulation low was carved in early April. The bullish bias was right; the entry level was wrong. Now the chart is offering the proper one. The Setup ⚙️ The Capitulation: Price has reached the $74–$79 zone — the same band that absorbed the original April flush and reset the broader structure for the entire spring rotation. Liquidity below $84 has been hunted on the way down, momentum is exhausted, and the same buyers who defended this area two months ago now face the structural decision: defend again or step aside. The Resistance Flip: The $84–$87 band has flipped from support to active supply. The bears who held shorts from the breakdown will defend this zone aggressively on any bounce attempt, which is exactly the kind of friction that produces the multi-step reclaim sequence the white projection traces. The Reclaim Path: As indicated by the white projection, the bounce is unlikely to be linear — a stepped recovery through the supply band with consolidation pauses and shakeouts is the higher-confluence path. Each touch of $84–$87 from below absorbs supply and rebuilds buyer conviction for the actual reclaim. The Roadmap: Primary target sits at $87 — the prior range low, now resistance flip and the cleanest first reclaim level. The white projection traces a stepped bounce through the consolidation zone before the push back into the prior range. Invalidation: a sustained 1D close below $74 would invalidate this reversal thesis and open the path toward the $65 final liquidity pocket beneath.