OP · 1H · DOWNTREND

Both targets from my last short read were hit — 0.1077 and 0.1009 — and the invalidation at 0.1145 was also reached before the confirmation triggered, which technically makes that read a full cycle with a messy path. What matters now is what I'm looking at: price just collapsed nearly 9% on the last candle with volume surging, dropped through 0.1010 to a low around 0.1000, and is now sitting at 0.1023 with all four MAs stacked above and pointing down. The daily trend is down, the 1H structure is down, and there is no base built here — this is a fresh breakdown, not a consolidation. I'm not chasing this candle. The move is already spent for this leg, and buying into a falling knife with no floor below and the entire MA stack overhead is not a trade I take.

The honest setup here is a dead-cat bounce back into the overhead supply, then a short on the rejection. Funding is longs paying shorts at 0.0100% — a mild long bias in derivatives, which tells me there are still longs trapped in this drop, and the dense liquidation clusters above at 0.1048 and 0.1074 are where those longs get squeezed further. A bounce into that zone is the logical path before continuation lower.