AVAX · 1H · DOWNTREND

The short I published yesterday triggered clean — the zone at 8.03 was reached, a 1H close below 8.00 printed at 11-09 11:00 UTC, and that confirmed the re-entry. The setup ran hard: price pushed down to 7.976 before reversing. That low held and price has since rallied sharply — the news context confirms a move as high as 9.014, well through my 8.51 invalidation, which means the short from that read is stopped out. I'm starting clean from the failure.

The structure after a stop-out at 8.51 tells me something: price didn't just reclaim — it ran all the way to 9.014, sweeping every liquidation cluster above (8.49, 8.81, 9.01 all dense), and has since pulled back hard to 8.257. That's a classic stop-hunt extension followed by a fade. The daily trend is still down — lower highs, lower lows — so I'm not chasing the bounce long. The honest read is that price ran the liquidity above, failed at the psychological 9.00 level (news confirms rejection there), and is now rolling back into the downtrend. What I want is a rally back into supply before re-entering short. I'm not shorting into 8.25 from nowhere — I need the two-step.