Passe — pas de trade

The gate fired on a 5m close back below pdVAH ($63,981) — but a 5m close is never a valid trigger on this book, and the named 15m candle (15:45) actually CLOSED UP at $64,039.2 above pdVAH/pdH, with the 16:00 15m still FORMING. So the required 15-minute rejection close at the level has not printed. On top of that, this same pdVAH level already fired within the last 30 minutes, and the corroborating flow contradicts a short anyway (CVD confirming_up, 5m delta +39.9 BTC, funding negative, price above VWAP and holding the day high). Missing ingredient: the confirming 15m trigger.