TIA · 1H · DOWNTREND

Both prior targets — 0.3975 and 0.3824 — have been reached, and price has pushed further to 0.3651 without any structural pause that would give me a clean re-entry. The downtrend is unambiguous: lower highs, lower lows across the entire chart window, and the daily trend confirms the same. The move from 0.78 down to current levels has been relentless, and the most recent leg accelerated through the 0.4000 level without a meaningful base forming. I'm not chasing this short — both targets from my last read printed and I want to see the structure reset before I put on another position in either direction.

The liquidation map tells me the nearest dense cluster below sits at 0.3587, which has already been touched given the low of 0.3613 visible in the record. The next meaningful magnet below is 0.3252. Above price, the clusters stack at 0.3652 (essentially current price), 0.3825, and 0.3981 — which aligns with the broader resistance structure from the November breakdown. With price sitting right on top of the 0.3652 dense cluster above, any bounce that reaches 0.3825 is running into the next layer of short-side fuel.

For a fresh short, I need price to rally into a zone where structure and the liquidation map give me a reason to fade it. The 0.3825 area is that zone — it's the next dense cluster above and aligns with the lower end of the prior base that broke down. A rally there followed by a 1H close back below 0.3780 would be the rejection I'd use. Without that rally first, I'm sitting on my hands — shorting the low of a move with no base and no confirmation is exactly how you get squeezed into the 0.3981 cluster above.