UNI · 1H · DOWNTREND

The short setup from my last read is still the active thesis. Price rallied into the 6.97–7.00 zone as anticipated — that level was touched on Nov 9 — but no 1H close back below 6.90 ever materialized, so the confirmation was never triggered. Now price is sitting at 6.965, right back inside that exact same zone, with the EMA 9, 20, and 50 all clustering between 6.97 and 6.99 overhead, and the EMA 200 at 7.078 — a wall of declining averages pressing down. The daily trend is down, lower highs and lower lows are intact, and this bounce has stalled precisely where the last read said it would. The 6.78 dense liquidation cluster below is a waypoint on the way down; the real objective is 6.26, the next dense cluster, sitting 0.64 from confirmation against an invalidation 0.39 away — that clears the 1.2 minimum. I need a 1H close back below 6.90 after price trades this zone to confirm the rejection.