/* ============================================================
   Trade Memos & On-Chain Research — shared stylesheet
   ============================================================ */

:root {
  --paper: #f5f1ea;
  --paper-deep: #ede7dc;
  --ink: #1a1814;
  --ink-soft: #4a4640;
  --ink-faint: #8a857c;
  --rule: #d8d1c2;
  --accent: #6b1f1f;
  --display: "Fraunces", Georgia, serif;
  --body: "Source Serif 4", Georgia, serif;
  --mono: "JetBrains Mono", ui-monospace, monospace;
}

* { box-sizing: border-box; margin: 0; padding: 0; }

html { scroll-behavior: smooth; }

body {
  background: var(--paper);
  color: var(--ink);
  font-family: var(--body);
  font-size: 18px;
  line-height: 1.6;
  font-feature-settings: "kern", "liga", "onum";
  -webkit-font-smoothing: antialiased;
  min-height: 100vh;
  position: relative;
  overflow-x: hidden;
}

body::before {
  content: "";
  position: fixed;
  inset: 0;
  background-image: url("data:image/svg+xml,%3Csvg viewBox='0 0 200 200' xmlns='http://www.w3.org/2000/svg'%3E%3Cfilter id='n'%3E%3CfeTurbulence type='fractalNoise' baseFrequency='0.85' numOctaves='3' stitchTiles='stitch'/%3E%3CfeColorMatrix values='0 0 0 0 0.1 0 0 0 0 0.09 0 0 0 0 0.08 0 0 0 0.04 0'/%3E%3C/filter%3E%3Crect width='100%25' height='100%25' filter='url(%23n)'/%3E%3C/svg%3E");
  opacity: 0.6;
  pointer-events: none;
  z-index: 1;
  mix-blend-mode: multiply;
}

.wrap {
  position: relative;
  z-index: 2;
  max-width: 760px;
  margin: 0 auto;
  padding-block: 80px 120px;
  padding-left: max(32px, env(safe-area-inset-left, 0px));
  padding-right: max(32px, env(safe-area-inset-right, 0px));
}

h1, h2, h3, h4 { text-wrap: balance; }

a:focus-visible {
  outline: 2px solid var(--accent);
  outline-offset: 4px;
  border-radius: 2px;
}

footer .email {
  text-transform: none;
  letter-spacing: 0.02em;
  color: var(--ink);
  user-select: all;
}

.wrap.narrow { max-width: 660px; }

/* ============================================================
   TOP BAR & BACK LINK
   ============================================================ */
.topbar {
  display: flex;
  justify-content: space-between;
  align-items: baseline;
  font-family: var(--mono);
  font-size: 12px;
  text-transform: uppercase;
  letter-spacing: 0.12em;
  color: var(--ink-faint);
  padding-bottom: 80px;
  animation: rise 0.9s ease-out both;
}

.topbar .meta { display: flex; gap: 24px; }

.back-link {
  font-family: var(--mono);
  font-size: 12px;
  letter-spacing: 0.12em;
  text-transform: uppercase;
  color: var(--ink-faint);
  text-decoration: none;
  display: inline-flex;
  align-items: center;
  gap: 8px;
  transition: color 0.2s, gap 0.3s;
  animation: rise 0.9s ease-out both;
}
.back-link:hover { color: var(--accent); gap: 14px; }

/* ============================================================
   LANDING HERO
   ============================================================ */
.hero { animation: rise 1s ease-out 0.1s both; padding-bottom: 96px; }

.hero h1 {
  font-family: var(--display);
  font-weight: 350;
  font-size: clamp(56px, 10vw, 112px);
  line-height: 0.92;
  letter-spacing: -0.035em;
  font-variation-settings: "opsz" 144, "SOFT" 50;
  margin-bottom: 32px;
}

.hero h1 em {
  font-style: italic;
  font-weight: 350;
  color: var(--accent);
  font-variation-settings: "opsz" 144, "SOFT" 100;
}

.hero .tagline {
  font-family: var(--display);
  font-size: clamp(20px, 2.4vw, 26px);
  font-weight: 300;
  font-style: italic;
  color: var(--ink-soft);
  max-width: 560px;
  line-height: 1.35;
  font-variation-settings: "opsz" 30;
}

.hero .contact {
  margin-top: 40px;
  font-family: var(--mono);
  font-size: 13px;
  color: var(--ink-soft);
  display: flex;
  gap: 24px;
  flex-wrap: wrap;
}

.hero .contact a {
  color: var(--ink);
  text-decoration: none;
  border-bottom: 1px solid var(--ink-faint);
  padding-bottom: 1px;
  transition: border-color 0.2s, color 0.2s;
}
.hero .contact a:hover { color: var(--accent); border-color: var(--accent); }

/* ============================================================
   SECTIONS
   ============================================================ */
section { animation: rise 0.9s ease-out both; }
.about   { animation-delay: 0.2s; padding-bottom: 80px; }
.memos   { animation-delay: 0.3s; padding-bottom: 80px; }
.early   { animation-delay: 0.4s; padding-bottom: 80px; }
.misses  { animation-delay: 0.5s; padding-bottom: 80px; }

.section-label {
  display: flex;
  align-items: center;
  gap: 16px;
  font-family: var(--mono);
  font-size: 11px;
  text-transform: uppercase;
  letter-spacing: 0.22em;
  color: var(--ink-faint);
  margin-bottom: 20px;
}

.section-label::before,
.section-label::after {
  content: "";
  flex: 1;
  height: 1px;
  background: var(--rule);
}

.section-intro {
  font-family: var(--body);
  font-style: italic;
  font-size: 17px;
  color: var(--ink-faint);
  max-width: 560px;
  margin: 0 auto 40px;
  text-align: center;
  line-height: 1.5;
}

/* The label already carries a rule, so the first item under it drops its own */
.section-label + .memo,
.section-label + .entry { border-top: none; padding-top: 8px; }

.about p {
  font-size: 20px;
  line-height: 1.55;
  max-width: 620px;
  color: var(--ink);
}
.about p + p { margin-top: 18px; }

/* ============================================================
   LANDING — TRADE MEMO CARDS
   ============================================================ */
.memo {
  display: grid;
  grid-template-columns: 80px 1fr;
  gap: 32px;
  padding: 32px 0;
  border-top: 1px solid var(--rule);
  transition: background 0.3s, padding-left 0.3s;
  text-decoration: none;
  color: inherit;
}
.memo:last-child { border-bottom: 1px solid var(--rule); }
.memo:hover {
  background: linear-gradient(to right, var(--paper-deep) 0%, transparent 100%);
  padding-left: 16px;
}

.memo .number {
  font-family: var(--mono);
  font-size: 12px;
  color: var(--ink-faint);
  letter-spacing: 0.1em;
  padding-top: 6px;
}
.memo .number .num {
  display: block;
  font-size: 22px;
  color: var(--ink);
  font-weight: 500;
  letter-spacing: 0;
  margin-bottom: 4px;
}

.memo .body h3 {
  font-family: var(--display);
  font-size: 28px;
  font-weight: 400;
  line-height: 1.2;
  letter-spacing: -0.015em;
  margin-bottom: 4px;
  font-variation-settings: "opsz" 60;
}
.memo .body .ticker {
  font-family: var(--mono);
  font-size: 12px;
  color: var(--accent);
  letter-spacing: 0.08em;
  text-transform: uppercase;
  margin-bottom: 16px;
  display: inline-block;
  padding: 3px 8px;
  background: rgba(107, 31, 31, 0.08);
  border-radius: 2px;
}
.memo .body p {
  color: var(--ink-soft);
  font-size: 17px;
  line-height: 1.6;
  margin-bottom: 16px;
  max-width: 540px;
}
.memo .read {
  font-family: var(--mono);
  font-size: 12px;
  letter-spacing: 0.1em;
  text-transform: uppercase;
  color: var(--ink);
  border-bottom: 1px solid var(--ink);
  padding-bottom: 2px;
  transition: color 0.2s, border-color 0.2s, letter-spacing 0.3s;
}
.memo:hover .read {
  color: var(--accent);
  border-color: var(--accent);
  letter-spacing: 0.14em;
}

/* ============================================================
   ENTRY CARDS (early discovery + misses)
   ============================================================ */
.entry {
  display: grid;
  gap: 14px;
  padding: 30px 0;
  border-top: 1px solid var(--rule);
}
.entry:last-child { border-bottom: 1px solid var(--rule); }

.entry .head {
  display: flex;
  justify-content: space-between;
  align-items: baseline;
  gap: 16px;
  flex-wrap: wrap;
}
.entry h4 {
  font-family: var(--display);
  font-size: 25px;
  font-weight: 400;
  letter-spacing: -0.01em;
  font-variation-settings: "opsz" 60;
}
.entry .stamp {
  font-family: var(--mono);
  font-size: 11px;
  color: var(--ink-faint);
  letter-spacing: 0.1em;
  text-transform: uppercase;
  white-space: nowrap;
}
.entry .stamp.live {
  color: var(--accent);
  padding: 3px 8px;
  background: rgba(107, 31, 31, 0.08);
  border-radius: 2px;
}
.entry p a {
  color: var(--ink);
  text-decoration: none;
  border-bottom: 1px solid var(--accent);
  transition: color 0.2s;
}
.entry p a:hover { color: var(--accent); }

.entry .stamp .live {
  color: var(--accent);
  padding: 3px 8px;
  margin-left: 4px;
  background: rgba(107, 31, 31, 0.08);
  border-radius: 2px;
}
.entry p {
  color: var(--ink-soft);
  font-size: 17px;
  line-height: 1.6;
  max-width: 600px;
}

/* ============================================================
   MEMO PAGE — ARTICLE LAYOUT
   ============================================================ */
.memo-page { animation: rise 0.9s ease-out 0.15s both; }

.memo-meta {
  display: flex;
  justify-content: space-between;
  align-items: baseline;
  gap: 16px;
  flex-wrap: wrap;
  font-family: var(--mono);
  font-size: 12px;
  letter-spacing: 0.1em;
  text-transform: uppercase;
  color: var(--ink-faint);
  margin-top: 60px;
  margin-bottom: 20px;
  padding-bottom: 20px;
  border-bottom: 1px solid var(--rule);
}
.memo-meta .ticker {
  color: var(--accent);
  padding: 3px 8px;
  background: rgba(107, 31, 31, 0.08);
  border-radius: 2px;
}

.memo-title {
  font-family: var(--display);
  font-size: clamp(40px, 6vw, 64px);
  font-weight: 350;
  line-height: 1.02;
  letter-spacing: -0.025em;
  font-variation-settings: "opsz" 144, "SOFT" 40;
  margin-bottom: 12px;
}
.memo-subtitle {
  font-family: var(--display);
  font-style: italic;
  font-weight: 300;
  font-size: clamp(19px, 2.2vw, 23px);
  color: var(--ink-soft);
  line-height: 1.4;
  max-width: 560px;
  margin-bottom: 72px;
  font-variation-settings: "opsz" 30;
}

.memo-section { padding: 8px 0 40px; }
.memo-section h2 {
  font-family: var(--mono);
  font-size: 11px;
  text-transform: uppercase;
  letter-spacing: 0.22em;
  color: var(--ink-faint);
  margin-bottom: 22px;
  font-weight: 500;
  display: flex;
  align-items: center;
  gap: 14px;
}
.memo-section h2::after {
  content: "";
  flex: 1;
  height: 1px;
  background: var(--rule);
}

.memo-section p {
  font-size: 19px;
  line-height: 1.62;
  color: var(--ink);
  max-width: 620px;
}
.memo-section p + p { margin-top: 16px; }

.memo-section ul {
  list-style: none;
  padding: 0;
  max-width: 620px;
}
.memo-section ul li {
  font-size: 18px;
  line-height: 1.55;
  padding: 10px 0 10px 28px;
  position: relative;
  color: var(--ink);
  border-bottom: 1px dashed var(--rule);
}
.memo-section ul li:last-child { border-bottom: none; }
.memo-section ul li::before {
  content: "\2014";
  position: absolute;
  left: 0;
  color: var(--accent);
  font-family: var(--mono);
  font-weight: 500;
}

/* Figures */
.memo-figure { margin: 28px 0 8px; max-width: 620px; }
.memo-figure img {
  width: 100%;
  display: block;
  border-radius: 3px;
  border: 1px solid var(--rule);
  background: #0d0d0d;
}
/* For screenshots narrower than the column, so they don't upscale and go soft */
.memo-figure.contain img {
  width: auto;
  max-width: 100%;
  margin: 0 auto;
}
.figure-placeholder {
  background: var(--paper-deep);
  border: 1px dashed var(--rule);
  padding: 70px 24px;
  text-align: center;
  font-family: var(--mono);
  font-size: 11px;
  color: var(--ink-faint);
  letter-spacing: 0.16em;
  text-transform: uppercase;
  border-radius: 3px;
}
.memo-figure figcaption {
  margin-top: 12px;
  font-family: var(--body);
  font-style: italic;
  font-size: 15px;
  color: var(--ink-soft);
  text-align: center;
}

.memo-nav {
  margin-top: 40px;
  padding-top: 40px;
  border-top: 1px solid var(--rule);
  display: flex;
  justify-content: space-between;
  align-items: baseline;
  gap: 24px;
  flex-wrap: wrap;
  font-family: var(--mono);
  font-size: 12px;
  letter-spacing: 0.12em;
  text-transform: uppercase;
}
.memo-nav a {
  color: var(--ink);
  text-decoration: none;
  transition: color 0.2s, gap 0.3s;
  display: inline-flex;
  align-items: center;
  gap: 8px;
}
.memo-nav a:hover { color: var(--accent); gap: 14px; }
.memo-nav .spacer { flex: 1; }

/* ============================================================
   FOOTER
   ============================================================ */
footer {
  padding-top: 80px;
  border-top: 1px solid var(--rule);
  display: flex;
  justify-content: space-between;
  align-items: baseline;
  flex-wrap: wrap;
  gap: 24px;
  font-family: var(--mono);
  font-size: 12px;
  text-transform: uppercase;
  letter-spacing: 0.12em;
  color: var(--ink-faint);
}
footer .links { display: flex; gap: 28px; flex-wrap: wrap; }
footer a {
  color: var(--ink);
  text-decoration: none;
  transition: color 0.2s;
}
footer a:hover { color: var(--accent); }

/* ============================================================
   ANIMATION
   ============================================================ */
@keyframes rise {
  from { transform: translateY(12px); }
  to   { transform: translateY(0); }
}

@media (prefers-reduced-motion: reduce) {
  *, *::before, *::after { animation: none !important; transition: none !important; }
}

.memo .body, .entry p, .memo-section p { min-width: 0; overflow-wrap: break-word; }

/* ============================================================
   MOBILE
   ============================================================ */
@media (max-width: 640px) {
  .wrap {
    padding-block: 48px 80px;
    padding-left: max(20px, env(safe-area-inset-left, 0px));
    padding-right: max(20px, env(safe-area-inset-right, 0px));
  }
  .topbar { padding-bottom: 56px; flex-direction: column; gap: 12px; align-items: flex-start; }
  .hero { padding-bottom: 72px; }
  .memo { grid-template-columns: 1fr; gap: 8px; padding: 24px 0; }
  .memo:hover { padding-left: 0; }
  .memo .number { padding-top: 0; }
  .memo .number .num { display: inline; font-size: 14px; margin-right: 8px; }
  .memo-meta { margin-top: 40px; }
  .memo-subtitle { margin-bottom: 48px; }
  .figure-placeholder { padding: 50px 20px; }
  .section-intro { text-align: left; }
}