Long thesis

Structure: previous-day VAH at $84,682 — a settled value-area edge that was broken to the upside earlier in this session and is now being back-tested as support (S/R flip at a value-area edge). Trigger: the 15m candle that closed 19:00 UTC (O 84,892 H 84,892 L 84,585 C 84,714.7) wicked BELOW pdVAH to 84,585 and CLOSED back above it — a rejection-at-the-level close, which is enterable at the close since the wick itself defines the stop. Corroboration: the day is a clear uptrend (dLow 83,071 → dHigh 85,197, value migrating above the daily open/VWAP 83,976 and above dVAH 84,182), 4h CVD confirming_up, funding benign at +0.0059% (no crowded longs), F&G 74, and OI slightly down on short-covering — no trapped-long overhang into the level; CCV is not in play, so nothing contradicts the long. Entry at 84,712 is the retest/reclaim close itself; stop 84,380 sits ~0.2% below the 84,585 sweep wick and below the 17:15 breakout body (a close back there kills the flip). T1 = the developing day high 85,197 (nearest structure), T2 = pdH / previous-week-low-of-this-week's-high 85,593.6 (main objective), T3 = pwVAH 85,751. R:R to T2 = (85,593.6−84,712.2)/(84,712.2−84,380.0) = 881/332 ≈ 2.65:1, clearing the 2:1 floor.