Same things is happend to me, do not know your site, but first remove meta keywords you should know that bing use meta keywords now to easy detect fake/spam site, i think google have same algoritam now, use nofollow for external link, use H tags, if you do not have unique content use some spiners.. and just wait, check google analytics and you will know when google try back you on road...
Also design strucure is realy important now, check all this and you will back traffic
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