Passe — pas de trade

The gate fired on a 5m reclaim of pdH $64,642.4, but the only 15m close available (14:45, C $64,591.1) closed BELOW pdH — i.e. the 15m trigger is a rejection back under the level, not a reclaim, so there is no confirming 15m close in the long direction and a 5m close can never be the named trigger. Price is also sitting essentially on the developing dPOC ($64,731.5) — the fair-value middle, a no-trade location — with 5m delta flat (-33.9 BTC), OI short-covering, and no clean structure for a short into VWAP either. Missing element: the trigger.