WIF · 1H · DOWNTREND

Both targets from my last short read hit — 0.1915 and then 0.1805 — so that setup is fully closed. The structure since has continued lower: price wicked down to 0.1557 before bouncing back to where it sits now at 0.1762, which puts it right in the dead zone between the dense liquidation cluster below at 0.1729 and the next cluster above at 0.1861. The daily trend is down, every meaningful rally over the past month has been sold, and the bounce off the 0.1557 low has not reclaimed any significant structural level — it is a dead-cat lift inside a clean downtrend. Funding is mildly positive at 0.0100% per 8h, meaning longs are still paying, which keeps the squeeze risk asymmetric to the downside. I'm not shorting this from mid-range — the 0.1729 cluster is too close below for a clean R/R — and I'm not buying into a downtrend without a structural reclaim. I'm waiting for price to rally into the resistance cluster and give me the rejection entry.