Short thesis

ShortDayWinOpened Jul 23, 2026 · 03:30 UTCResolved Jul 23, 2026 · 12:37 UTC

The call

DirectionShort

Entry$65,559.4

T1 · 15%$65,478.1

Target$65,096.0

STOP (original)$65,754.0

Outcome

T1 bookedJul 23, 2026 · 07:11 UTC

T1 exit$65,478.1

T1 leg P&L+$9.30

ResultWin · Target hit

Return on margin+3.10%

P&L+$309.71

P&L (BTC)+0.00476 BTC

Exit$65,096.0

Price moved-0.62%

Deepest adverse$65,735.4 (+0.27%)

Sized under

Account$10,000

Leverage5×

Notional$50,000

Liquidation$81,440.2

Price chart

Bybit · BTC/USD Inverse Perpetual

Reasoning

The trade is a bearish rejection of settled pdVAL at $65,611: the closed 2026-07-23 03:15 UTC 15-minute candle wicked above it to $65,622.9 and closed back below at $65,554.5. The stricter post-two-loss bar is met by confirming-down 4h CVD and 5m delta, rising OI during a strong downtrend, positive funding, and price remaining below daily VWAP; entry is near the rejection close, while the stop has roughly a 0.2% buffer beyond the rejection wick. T1 is the nearby settled pdL at $65,478.1, so only 15% is booked and the original stop remains; T2 is the major settled pwVAH at $65,096, giving approximately 2.38:1 R:R to T2.

Committed on the market snapshot from Jul 23, 2026 · 03:30 UTC