SEI · 1H · DOWNTREND

My September 24 long hit both targets — 0.0630 and 0.0655 both reached, that read is fully completed. Price ran all the way to 0.0866 on this chart before reversing hard, and now it's grinding lower in a sequence of lower highs and lower lows from that swing top. Current price at 0.0722 is mid-range between the highs and the base of the rally — no clean entry from here. The daily trend is up, so this intraday deterioration is a pullback, not a reversal, but I'm not fading the down-leg from the middle of it. I'm waiting for the pullback to exhaust itself at a structural level before I have anything worth taking.

The structure on this 30m/1H view shows price capped repeatedly in the 0.0740–0.0760 zone after the top was printed near 0.0860, with each bounce failing to reclaim that resistance — that's a clean lower-high sequence. Below, the 0.0700 round number and the 0.0650–0.0667 zone are the next structural magnets, and there's a dense liquidation cluster at 0.0650 that price is likely to get drawn toward before any meaningful bid shows up. I'm not interested in a long until I see that lower cluster swept and a reclaim print — right now buying into declining structure in a counter-trend setup is not something I'm willing to do.