DOT · 1H · DOWNTREND

Both targets from my November 8th read hit — 0.8489 and 0.8163 both reached — and price has since continued grinding lower to the current 0.830. That's a completed move from a completed setup, not a continuation. The structure here is unambiguously bearish: lower highs and lower lows across the entire visible window, daily trend confirmed down, and price now sitting just above a dense liquidation cluster at 0.8170 with another at 0.7918 below that. I'm not chasing a short at current price into that cluster — the nearest dense band below is only 0.013 away from here, which kills any R/R before the trade even starts. What I want is a rally into overhead supply to get a proper short entry with room to breathe.

The first meaningful supply zone above is 0.8595, where a dense liquidation cluster sits and where any bounce is likely to run into selling pressure. That's my zone. Funding is marginally long-biased at 0.0100% per 8h — not extreme, but longs are paying shorts, which means a squeeze toward that cluster is structurally possible and would serve the market's usual hunt-and-reverse dynamic. A rally to 0.8595, followed by a 1H close back below 0.8500, confirms the rejection and gives me the short I want. The 0.8170 cluster immediately below is a waypoint, not a target — price has already been magnetized there. Target 1 is the next dense cluster at 0.7918, and Target 2 extends to 0.7616.