The earlier move paid and price failed to build acceptance on the bounce.
Leaning short in the 0.115 – 0.118 area.
Downside levels:
• 0.108
• 0.102
• 0.095
Above 0.125, the idea is invalid.
Every push higher is getting sold again. Structure remains bearish and momentum stays weak. This looks more like distribution into liquidity than a genuine reversal.