HBAR · 1H · DOWNTREND

Price has been grinding lower since the 29 Oct flush, printing a steady sequence of lower highs as all four EMAs slope down and stack bearishly above current price — the EMA 9 at 0.0710, EMA 20 at 0.0713, EMA 50 at 0.0716, and EMA 200 at 0.0730 all sitting overhead. My previous short triggered at the 0.0800 zone and ran all the way to both targets at 0.0745 and 0.0737 — that move is completed and I'm starting clean. Price is now at 0.0707, below the entire MA stack with no base built beneath it, and the daily trend is firmly down. The Testnet upgrade headline hasn't changed the tape — price is still making lower highs. I'm not interested in a long here: no structural base, no reclaim of any meaningful level, and I'd be buying into a falling MA stack against a downtrend on both timeframes. The short side is the honest read, but I'm not chasing it at the lows either — I need price to rally back into the MA cluster and reject before I have a clean entry with a level to lean against.