Long thesis

LongDayWinOpened Jul 20, 2026 · 00:56 UTCResolved Jul 20, 2026 · 01:52 UTC

The call

DirectionLong

Entry$64,496.0

T1 · 15%$64,637.5

Target$65,096.0

STOP (original)$64,200.0

Outcome

T1 bookedJul 20, 2026 · 01:07 UTC

T1 exit$64,637.5

T1 leg P&L+$16.45

ResultWin · Breakeven stop (after T1)

Return on margin+0.16%

P&L+$16.45

P&L (BTC)+0.00025 BTC

Exit$64,496.0

Price moved+0.03%

Deepest adverse$64,424.1 (-0.11%)

Sized under

Account$10,000

Leverage5×

Notional$50,000

Liquidation$53,971.5

Price chart

Bybit · BTC/USD Inverse Perpetual

Reasoning

The setup is a bullish sweep-reclaim of settled previous-day VAL at $64,453: the closed 00:50 UTC 5m candle wicked to $64,330.1 and closed back above pdVAL at $64,506.5. The reclaim is corroborated by 4h CVD confirming up and negative 5m taker delta into the sweep being absorbed; normal +0.0100% funding is not crowded, while falling OI shows short covering and weakens but does not invalidate the structure. Entry is near the reclaim close, with the stop buffered about 0.2% below the sweep wick; T1 is the nearest settled pdPOC at $64,637.5 and T2 is settled previous-week VAH at $65,096, giving approximately 2.03:1 R:R to T2; book 15% at T1 and move the remainder to breakeven.

Committed on the market snapshot from Jul 20, 2026 · 00:55 UTC