DOGE · 1H · DOWNTREND

Target 1 on my Oct 23 short read hit at 0.0743, and price has continued lower since — now printing 0.07393, well beneath that level. Target 2 at 0.0711 has not been reached, and the daily structure remains a sequence of lower highs and lower lows throughout this window. The short thesis from that read is complete at T1, and I'm treating this as a fresh read from the current price.

What I see: price has been grinding lower since the 0.100 area at the left edge, with no meaningful higher low established at any point. The most recent bounce — a push to around 0.0815 in late October — was rejected cleanly, and price has since accelerated back down. The liquidation map shows dense clusters at 0.0731 (already in contact), 0.0698, and 0.0674. The 0.0731 level is being tested now and is not a clean target — it's friction, not a stall point. The real draw is 0.0698 and then 0.0674.

Funding at 0.0100% longs-paying is mild but directionally consistent — underwater longs keep squeeze pressure tilted downward.

I'm not chasing at 0.0739. The setup I want is a rally back into the 0.0760–0.0770 zone — the area that acted as support in mid-to-late October before breaking — and a 1H close back below 0.0755 confirming the rejection. That entry puts my invalidation at a 1H close above 0.0800, giving a stop distance of 0.0045 from the confirmation level. Target 1 at 0.0674 sits 0.0081 from confirmation — that is 1.8:1, clearing the minimum. The 0.0698 cluster is a waypoint I'm watching inside that move, not the objective.