DOT · 1H · UPTREND

The previous long was stopped out at 0.800, but that stop-out is ancient history at this point — price went on to make a massive structural run from roughly 0.950 all the way to 1.300, printing higher highs and higher lows the entire way, fully vindicating the daily uptrend that's been running underneath. Current price is 1.233, sitting inside a pullback from the 1.300 swing high visible on the right edge of this chart. The structure of this pullback is constructive — I'm seeing what looks like a short sequence of lower highs off that 1.300 peak, but the broader staircase of higher lows since the 0.950 base is intact. This is a pullback inside an uptrend, not a reversal, and I'm not calling a downtrend until the swing low near 1.100 is taken out.

The derivatives data reinforces this read: funding is negative at -0.0344% per 8h, meaning shorts are paying longs. That's a crowded short against a daily uptrend — exactly the setup that fuels a squeeze. Dense liquidation clusters sit at 1.260, 1.290, and 1.320 above price, acting as magnets for a continuation leg. I'm waiting for the pullback to find its footing before adding.