DOT · 1H · DOWNTREND

Both previous maps worked cleanly — the long confirmed, hit both targets, then the short confirmed, hit both targets, and price has kept falling well past those objectives. That's not a range anymore. The daily trend is down with lower highs and lower lows across the whole window, and price has now broken under the 1.000 psychological level with momentum, printing fresh lows at 0.957. There's no base, no higher low, no structure on this chart that earns a long entry — the last meaningful bounce off the right edge looks corrective, not reversal. I'm not fading this downtrend.

The derivatives setup reinforces the bear case but with a nuance: funding is negative at -0.0038% per 8h, meaning shorts are paying longs. That's short-side crowding — it won't stop the trend but it does raise the probability of a sharp squeeze before continuation. The liquidation cluster at 0.9651 just above current price is the obvious squeeze target, and 0.9913 sits above that. A spike into those clusters doesn't change the structure — it clears out the shorts and reloads the downtrend. Below price, dense clusters at 0.9216, 0.9110, and 0.8913 are the magnets. Those are my targets.

I'm waiting for a bounce into the 0.9640–0.9660 zone to set up the short. If price squeezes up into that dense cluster and fails, a close back below 0.9580 is the rejection I'd act on.