HBAR · 1H · DOWNTREND

Target 1 from my last read was reached at 0.0646 — the structure delivered that move even though the two-step confirmation zone was never formally traded into. Price never rallied to 0.0693–0.0698, so the setup technically never triggered, but the downside target was hit regardless. That's the honest accounting. Now price is at 0.0669, compressed right at the EMA 50 with the EMA 9 and EMA 20 stacked within a pip or two — all three MAs bunched together while the EMA 200 declines from 0.0687 above. The daily trend is down, the structure of lower highs and lower lows is intact, and the cancelled testnet upgrade with no new date removes a near-term catalyst for bulls.

The bounce from 0.0642 brings price into a zone worth watching. The liquidation cluster at 0.0676 is the first overhead magnet — close enough to get swept intraday. The EMA 200 at 0.0687 is the more meaningful cap. I'm not shorting mid-bounce; I want price to push into the 0.0676–0.0687 zone first, fail there, and give me a 1H close back below 0.0676 as the rejection signal. The 0.0642 recent low is a waypoint, not a target — it sits only 0.0034 from the confirmation level while the invalidation at 0.0728 sits 0.0052 away, so Target 1 has to be beyond 0.0642 to clear the 1.2 minimum. The dense liquidation cluster at 0.0608 is the real structural objective and it clears the math: (0.0676 − 0.0608) / (0.0728 − 0.0676) = 0.0068 / 0.0052 = 1.3:1.