UNI · 1H · DOWNTREND

The long from my last read triggered cleanly above 7.56, hit Target 1 at 7.72, then price ran to 7.90 before reversing hard — the invalidation at 7.17 has since been touched, the low reached 6.74, and price is now back at 7.04. That completed move is done. What I'm looking at now is a chart that peaked near 11.40 on the left edge of the window, sold off in a cascading structure of lower highs and lower lows all the way to 6.74, and is currently sitting in a dead-cat bounce zone between 6.74 support and the 7.30 liquidation cluster overhead. Every bounce off the lows has been a lower high — 7.90, then 7.78, then 7.65 roughly — and now price is pressing back toward 7.00. The daily trend is sideways which means I'm not working with a clean macro downtrend, but the 1H structure is unambiguously bearish. Selling pressure on Binance reportedly eased from its yearly high recently, and the last close printed at 7.002 — right on the edge.

The short setup I want is a two-step: let price rally back into the 7.25–7.30 zone first, then wait for a 1H close back below 7.20 to confirm the rejection. That zone sits directly under the dense liquidation cluster at 7.30, and every prior bounce has stalled in that vicinity. The cluster below at 6.52, 6.37, and 6.30 are the magnets on the downside — that's where flush momentum targets first. Funding is mildly long-biased at 0.0100% per 8h, which isn't extreme but does mean the long side is paying and a squeeze into 7.30 before rolling is entirely plausible — I want that squeeze to complete before entering, not fade it blind.