OP · 1H · UPTREND

The previous short from Sep 9 hit Target 2 at 0.0929 — that move is fully complete. What I'm looking at now is the aftermath of that flush: price built a base around the 0.0920–0.0940 zone, then launched a sustained rally all the way to the 0.1340–0.1380 area visible at the top right of this chart — the highest point on this window. Price has since pulled back sharply to 0.1262, printing lower highs from that top but still well above the prior swing lows. The daily trend is confirmed UP, so this pullback is a correction inside a larger uptrend, not a reversal, and I'm treating it as such.

The key question right now is whether this retracement finds a floor at structure before the next leg. The dense liquidation cluster at 0.1213 is sitting just below current price — that's a natural magnet for a stop hunt on longs, and the cluster at 0.1175 sits below it as a secondary sweep target. I'm not chasing price at 0.1262 in the middle of a pullback. I'm waiting for the sweep to exhaust and for price to reclaim 0.1240 with conviction before committing to the long side. The nearest resistance overhead sits at the 0.1272 dense cluster — that's the first gate. Above it, 0.1306 and 0.1379 are the next liquidation magnets, and those are where I'm sizing my targets. Funding is positive at 0.0100% per 8h — longs slightly crowded — so I'm keeping a close eye on whether this pullback flushes those over-leveraged longs through 0.1213 before the move resumes. A flush through 0.1213 that snaps back above it fast is the cleanest long entry I'd want to see.