OP · 1H · DOWNTREND

Both targets from the Oct 9 long — 0.1281 and 0.1336 — were reached, and the short invalidation at 0.1336 was also touched, so that entire read is fully resolved and complete. What I'm looking at now is a fresh chart: price ran all the way to around 0.1620 after my last read triggered, then sold off hard and has been grinding lower ever since, printing lower highs from that spike — 0.1450, 0.1400, 0.1340, and now 0.1222. The daily trend is still up, so this move down is a pullback inside a larger structure, not a new trend — I'm not calling this a fresh downtrend, I'm calling it a sharp retracement that may be approaching a zone worth buying into.

Price is now sitting near the low of this entire chart window. The densest liquidation clusters beneath current price are at 0.1181, 0.1158, and 0.1108 — that stack of fuel below is a stop-hunt magnet, and I wouldn't be surprised to see a flush into that zone before any real recovery begins. Funding is slightly long-biased at 0.0100% per 8h, which means there's a mild squeeze risk to the downside. I'm not shorting into the daily uptrend from here — the daily structure forbids that at high confidence — but I'm also not buying a falling knife at 0.1222 with no structural hold and a dense cluster at 0.1281 acting as the first ceiling above.

The setup I want is a flush into the 0.1181–0.1158 zone, a rejection of that area, and a 1H close back above 0.1205 — that would tell me the sweep happened, sellers couldn't hold the lows, and the daily trend is reasserting. The dense cluster at 0.1272 above is the first magnet on recovery, and 0.1364 sits as the next structural objective after that.