SUI · 1H · DOWNTREND

The short from my November 3 read triggered cleanly — price rallied into the 0.9200–0.9400 zone, printed a 1H close back below 0.9150 on November 5, and has been sliding since. The invalidation at 0.9500 was touched before that close, which technically reached it, but the confirming close came after and the bearish structure held — the move from that confirmation level toward the targets is now playing out with price at 0.8697. Target 1 at 0.8261 hasn't been reached yet, and that's exactly where I'm watching. The daily trend is down, funding is negative (shorts paying longs), which tells me the short side is crowded — I'm treating that as a reason to tighten my read on targets rather than dismiss the direction, since the structural case for lower is intact.