MCX – Breakdown After Strong Rally | Bearish Setup AlertMULTI COMMODITY EXCHANGENSE:MCXayushishriAfter a massive uptrend from April to June, MCX formed a distribution zone near the ₹9000 mark. The price consolidated in a narrow range and finally broke down below key support (~₹8745) with strong volume. 🔍 Technical Highlights: Structure: Distribution after uptrend (UTAD possibility) Breakdown candle closes below consolidation support Volume spike confirms selling pressure Price rejection from the ₹9100 resistance zone Potential downside projection: ₹4600 (as per range height) 📉 Bearish Bias Active Breakdown below ₹8745 is a short signal SL: Above ₹8900 (last swing high) Targets: ₹7800 → ₹7000 💡 Watch for retests, but this setup suggests possible deeper correction if the structure sustains. 🔻 Momentum fading... Bulls should be cautious.