Passed — no trade

The gate fired on a 5-minute wick-and-close-back below the developing POC ($77,678.5), but a 5m close is never a valid trigger on this book — the last CLOSED 15m candle (15:00 UTC) closed UP at $77,665.2, i.e. no 15-minute rejection or close through the dPOC has printed. On top of that the read is conflicted: the day is a powerful trend day (+7.5%, day open $72,965 far below, price above VWAP $76,374, OI building in a healthy uptrend, 5m delta confirming up) which argues against the CCV short bias, while price sits mid-range between dVAL $75,400 and the dHigh/dVAH $79,521 — the middle of value is a poor location either way. No trigger, no clean location: pass.