DOT · 1H · DOWNTREND

The short from my November 6th read triggered cleanly — the rally reached the 0.9330–0.9420 zone, a 1H close back below 0.9280 confirmed the rejection, and price dropped hard, reaching 0.879 at the low. That said, the invalidation at 0.9481 was also touched, which by the record's rules means that setup is expired. I'm starting clean from here.

What I'm looking at now: price at 0.899, sitting just below the falling EMA 9 (0.8965) and EMA 20 (0.8975), with the EMA 50 at 0.9059 and EMA 200 at 0.9283 — all sloping down and stacked bearishly above. The daily trend is down. The bounce off 0.879 is a lower-low recovery, not a reversal — there's no higher high yet, and every MA above is acting as a ceiling. Shorts are paying longs at -0.0032% per 8h, which tells me the short side is crowded and a squeeze toward the EMA cluster above is a real risk before this leg resumes. I'm not chasing a short at current price — the squeeze risk is too high with negative funding, and mid-range gives me no edge. The setup I want is a rally back into the EMA 9/20/50 zone, then a confirmed rejection.