HBAR · 1H · DOWNTREND

My previous short setup from 5 Nov is still the active read — the zone at 0.0695–0.0698 was never reached, the invalidation was never touched, and both targets remain open. The high since that read was 0.06922, which kissed the bottom edge of the zone but never traded into it, so the two-step confirmation was never triggered. Price is now at 0.0672, sitting below the entry zone, with the daily trend firmly down and the structure unchanged: lower highs, lower lows, every rally failing before it reaches resistance.

The 5 Nov setup is not a continuation I republish — the confirmation was never met, so it was never a live trade. But the structural logic behind it is still intact, so I'm treating it as the forward plan: I need price to rally back into 0.0695–0.0698 before I do anything. From here, mid-range between the entry zone and the lower liquidation clusters, there's no clean entry in either direction.

The derivatives picture reinforces patience. Funding is mildly positive at 0.0100% per 8h — longs are paying shorts, which keeps the squeeze risk modest but real. The dense liquidation cluster at 0.0693 sits just above current price and is exactly where a short squeeze would run before exhausting. That's the zone. Below price, clusters stack at 0.0646, 0.0608, and 0.0601 — those are the magnets once downside resumes. The cancelled testnet upgrade to v0.79 is a soft negative for sentiment, nothing that changes the structural picture but nothing that helps either.