WIF · 1H · DOWNTREND

The short from my last read is in a complicated place. The zone traded — price reached 0.2080–0.2102 — but no 1H close back below 0.2050 printed, so the confirmation was never met. Meanwhile Target 1 at 0.1871 was reached on the flush to 0.1870, which means the move played out without the setup technically triggering. I'm treating that target as voided context, not a completed trade. What matters now is where price is: sitting at 0.2083, back inside the 0.2080–0.2118 resistance zone that anchored my last read, with the structure still bearish — lower highs and lower lows from the 0.2693 peak, the daily trend sideways. The zone is live again.

The rally from 0.1870 back up to here is a lower high attempt inside the downtrend. Price is pressing right into the underside of the 0.2080–0.2118 cluster — three dense liquidation stacks sit above at 0.2185, 0.2226, and 0.2268, and those are magnets if price pushes through, but right now sellers have had two chances to reject this zone. Funding is positive at 0.0100% per 8h, meaning longs are paying — not extreme enough to force a squeeze, but it does mean positioning is leaning long into resistance, which adds fuel to a rejection. The 0.2075 liquidation cluster sits just below current price and is likely to get swept on any rejection candle before the real downside opens.