FET · 1H · DOWNTREND

The short setup completed its full run — both targets hit, the thesis delivered exactly as mapped across three consecutive reads. Now price is sitting at 0.1494 after bouncing off the 0.1421 low, coiling right under the falling EMA 9/20 cluster (both at 0.1493–0.1494) and the EMA 50 at 0.1517. The daily trend is down, lower highs and lower lows are intact, and every significant rally on this chart has been sold. I'm not chasing the bounce — the structure still favors the short side, but I need a clean rejection setup, not a stab into a rising move.

The liquidation map is relevant here: dense clusters sit at 0.1525 and 0.1600 above price — both are natural squeeze targets that would pull price up before the sellers reassert. The 0.1470 and 0.1434 clusters below are the fuel that drove the recent flush and are now potential targets if the downtrend resumes from resistance. Funding is mildly long-biased at 0.0100% per 8h — not extreme, but longs are still paying, which keeps me from flipping long aggressively against the daily trend.

The setup I'm watching is a two-step: let price rally into the 0.1515–0.1525 zone (the EMA 50 and dense liquidation cluster above), and I want a 1H close back below 0.1510 to confirm the rejection before committing short. That gives me a forward trigger with clean structure behind it.