OP · 1H · DOWNTREND

The long from my last read triggered — the zone was touched, price closed above 0.1205 on Oct 23, and the setup was live — but the invalidation at 0.1108 was then reached, stopping that read out. That failure matters: price didn't just tap the stop, it pushed below 0.1084 at the low, and right now it's sitting at 0.1109 with all four MAs stacked bearishly above — EMA 9 at 0.1116, EMA 20 at 0.1131, EMA 50 at 0.1163, EMA 200 at 0.1219 — all sloping down. The structure on this chart is a clean distribution from the 0.1320 peak on Oct 20, lower highs and lower lows throughout. I'm not chasing a long here with price sitting mid-air between the broken 0.1108 level and no visible support below — that's not a spot I want to be. The dense liquidation cluster at 0.1064 below is the magnet I'm watching: that's where a flush is statistically likely before any meaningful bounce. Funding at -0.0159% per 8h means the short side is crowded and paying longs, which raises the squeeze risk rather than supporting fresh shorts. The Q3 beat — EPS $0.52, revenue up year-on-year — gives a marginal fundamental floor, but it hasn't stopped this slide. I'm waiting for price to move into the cluster zone before I have a real entry.