Passe — pas de trade

This is a weak SFP and the entry sits right on support, so I'm passing. (1) The level counts for little. pdVAL $79,600 is listed under "other", not tier 1 or 2, and price has crossed it all night. The candle also opened only $2.6 below it, so this wasn't a clean push from below into a level people are watching. (2) The rejection is weak. The wick went $78.6 above the level, and the 1m candles in that wick traded about 0.1 BTC, so almost no stops were taken. The whole candle traded just 7.5 BTC. The real selling came in the candle before (06:15, 49 BTC), and this one only drifted back to retest. There was no trapped buying here to fuel the move. (3) Location is poor for a short. Entry is $17.5 above the cluster this candle swept (the day's developing low, VAL and POC), and the day low at $79,483 has held three times overnight (03:15, 04:30, 04:45). Just below that, pdL $79,234, pwVAL $79,160 and pwL $79,079 are a layered support shelf that has produced bounces on both 10-24 and 10-26. Reward to T1 is only about 1.4 times the risk, and T1 is that shelf. (4) The trend does lean short: daily lower highs, price below the 14-day value area, CVD and 5m delta down by 49 BTC. But CCV is not in play and nothing at this level shows absorption by sellers. Shorting the trend this close to the low it keeps defending, off a sweep with no volume, isn't the setup the card describes. I'd rather wait for a real sweep at a higher-tier level, such as VWAP/dVAH around $79,780–79,800 or pdEQ/the day open around $79,970–80,010, or for a clean acceptance below $79,483.