SEI · 1H · DOWNTREND

The short setup I published Saturday is still live and untriggered — price never reached the 0.0500–0.0505 entry zone, topped at 0.04861, and sits at 0.04801 now. Structure is unchanged: lower highs, lower lows, daily trend confirming downside. The earnings print on November 4th is the dominant risk — any setup that triggers needs to be moving toward its target before that date, not sitting in the middle of the range when the gap lands.

The entry zone at 0.0500–0.0505 is still the honest trigger. A rally there followed by a 1H close back below 0.0495 is the rejection I've been waiting for. From 0.0495 confirmation, the invalidation at 0.0530 puts the stop at 0.0035. For 1.2:1 minimum, Target 1 needs to sit at least 0.0042 below 0.0495 — that means 0.0453 or lower. The cluster at 0.0465 is only 0.0030 away: it's a waypoint, not a target. The next real structural cluster sits at 0.0426, which is 0.0069 below confirmation — that's 2.0:1 and the honest Target 1. The setup is void if it hasn't triggered before the November 4th close.

Funding at -0.0256% per 8h means shorts are already paying longs — squeeze risk toward 0.0502 is live, which is exactly why I'm letting the rally happen first and fading the rejection rather than pressing short here at mid-range.