SAPIENUSDT.Pshort setup from daily support at 0.21101

Nov 11

SAPIENUSDT.P is currently in a dump phase — a typical development after a strong pump.
The key level is 0.21131, which marked the previous drop’s stopping point.
This level has been confirmed multiple times, and the price is now approaching it gradually.
If low volatility persists and a valid entry point aligned with the trading system appears,
a short setup could be expected with potential continuation to the downside.

Key factors for this scenario:

• Price void / low liquidity zone beyond level
  
• Liquidity grab (false move against the trend)
  
• Volatility contraction on approach
  
• Immediate retest
  
• Consolidation with price compression (squeeze)
  
• Closing near the level
  
• Closing near the bar's extreme
  

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Nov 12

Note

Got my entry point, but the result was −1R.
The main level was swept, yet there’s now a hint of forming a new local support level at 0.20051.
I’ll be able to rely on it only after confirmation through a precise level retest or a false breakout around it.

Continuing to observe.

Nov 13

Order cancelled

SAPIENUSDT.P was expected to first confirm the new local level before any discussion of a potential breakout — I mentioned this yesterday.
Instead of confirming, the price immediately broke the level, the breakout turned out to be false, then the level was swept, and only after that the price moved in the forecasted direction.
However, there was no entry point here.
I’m canceling the analysis, as there was no valid entry point under any trading system — any stop would have been taken out in this structure.