sayuri.thesis.detail.passed_heading

No clean trigger has printed. Price is grinding lower toward the developing day VAL (~$59,242) and day low ($59,240), which is also near the 15m range low — that is a strong support, so a continuation short into it is forbidden, and no reclaim/SFP reaction has fired there yet (the 5m/15m closes are merely drifting down, not rejecting or reclaiming a defined level). VWAP ($59,564) sits above as resistance with no test/rejection close either. With Extreme Fear, mild positive funding, and CVD confirming down, the bias is soft-bearish but there is no in-between continuation location (we're sitting on support) and no confirming reaction candle — so the trigger leg is missing. Wait for either a reclaim of VAL/day-low (long SFP) or a clean rejection at VWAP (short).