Long thesis

Structure: pwVAL $63,723 — a settled previous-week value-area edge stacked with the developing wVAL $63,618/week low $63,618.1 and yesterday's low $63,714.6, i.e. an obvious stop-rich HTF boundary. Trigger: the 14:30 30m candle wicked through it to $63,618.1 (sweeping the weekly low and pwVAL stops) and the 2026-08-11 15:00 UTC 30m candle — CLOSED per TRIGGER FACTS, open $63,682.6 below the level, close $63,772.8 above it — reclaimed pwVAL, a sweep-reclaim/SFP close back across a swept prior-period low. Corroboration is separate from that candle: weekly bias is still constructive (last closed weekly candle closed up at $64,813.6 off the $62,180 low, and price sits above the monthly open $62,792 and pmPOC-region), funding is only mildly positive (+0.0068%, no crowded-long premium), and Fear & Greed at 29 (Fear) is the sentiment side you want to buy a swept low into; OI is drifting down (-0.68% 4h), which weakens but does not invalidate the reclaim. Entry at the reclaim close, stop $63,420 — beyond the sweep wick $63,618.1 with a real buffer (~0.55%), below mVAL $63,427 so the obvious liquidity spot under the weekly low isn't my stop. T1 $64,062.5 is pdPOC, the nearest meaningful HTF structure and the daily VWAP/dPOC pocket; T2 $64,775.5 is pwPOC, the major objective and the untested prior-week point of control above. R:R to T2 = (64,775.5-63,772.8)/(63,772.8-63,420) = 1,002.7/352.8 ≈ 2.8:1, clearing the 2:1 floor and justifying the wider swing stop. Because a reclaim can be only a bounce, and this is a counter-trend entry against the 4H leg down from $65,444, I bank a larger 0.35 at the nearer T1 while the stop stays at original invalidation.