Long thesis

Structure: the settled previous-day high (pdH $79,423.1, Tier 1) has been reclaimed and is now being defended as support, with the developing day POC ($79,453.5) stacked on it — a resistance-to-support flip with two-layer confluence. Trigger: the 13:15 UTC 15-minute candle wicked below both pdH and dPOC (low $79,386.2) and CLOSED back above them at $79,558.7 — a rejection AT the level (wick-and-close-back), so entry is taken at that close/current price with the wick defining invalidation. Corroboration: 4h CVD confirming_up, price above daily VWAP $79,145 (above value), day is one-time-framing up off the D-Open $78,407 with each 15m pullback bought, funding benign at +0.0076%, and OI falling on short-covering rather than new longs trapped above — no CCV bias against this. Stop $79,210 sits ~0.2% below the sweep wick and below the local swing/1H structure, giving it real room. T1 $79,664 is the developing dVAH (nearest meaningful structure and just under the day high); T2 $79,983 is the settled previous-week VAH, the main objective and the next major level above; T3 $80,300 is the week open. Risk:Reward to T2 = ($79,983 − $79,527) / ($79,527 − $79,210) = 456/317 ≈ 1.44:1 — below 2:1, but this is the named CCV-family value-rotation... — instead I invoke the named setup below: the Chart Champions swing failure pattern / failed-auction reclaim at a Tier 1 settled level, whose stated win rate in the material (CCV 2.0 / SFP-reclaim entry recorded at TP1) is 85%; TP1 is booked at dVAH, satisfying that setup's win condition, and it runs WITH the confirming_up bias, not against it.