HBAR · 1H · DOWNTREND

My previous short from the 2 Nov read triggered cleanly — the zone was reached, the 1H close below 0.0710 confirmed, Target 1 at 0.0671 was reached, and the invalidation at 0.0730 was also touched at some point, which means the read ended stopped out by the record. That's the honest starting point. What I'm looking at now is price at 0.0670, sitting at the lowest level visible on this chart after a relentless multi-week grind from 0.1050 — lower highs, lower lows, every leg confirmed the daily downtrend. The cancelled testnet upgrade removes the near-term positive catalyst, and the testnet upgrade that was priced in (the 100bp move to 0.0720 mentioned in headlines) has fully faded. Structure is clean: this is a broken asset.

The problem right now is that price is sitting at the absolute lows of this chart window with no clean room to initiate a fresh short at a sensible entry — I'd be selling into a potential flush low with no structural re-entry point above me. The liquidation map is working in my favour directionally: dense clusters sit at 0.0648 and 0.0621 below, which are real magnets. But the crowded side is longs (funding positive at 0.0100% per 8h, longs paying shorts), which means any rip will be violent. I'm not chasing a short at 0.0670 with no overhead rejection confirmed. The honest play is to wait for a relief bounce back into structure, then fade it.