sayuri.thesis.detail.passed_heading

Price is in active free-fall, not at a level with a confirmed trigger. The market is breaking down through developing-day VAL ($63,598) and grinding lower — the last 1m/5m candles are still printing fresh session lows ($62,743) with confirming_down CVD and no reclaim. The nearest tradable below-price level is the daily naked POC at $61,726.5, which is still ~$1,200 away (not yet in plausible reach of a trigger), and the day low/week low excess at ~$62,858 has just been broken rather than rejected — there is no SFP or failed-auction close back inside. Chasing a knife mid-imbalance with no confirming close is exactly the error to avoid; a momentum short here would be entering at the bottom of a thrust with no defined invalidation. No level + no trigger = pass.