Passe — pas de trade

The gate fired on a 1-minute cross of pdEQ ($64,366.2) — a 1m close is never a valid trigger on this book, and the most recent CLOSED 15m candle (19:45 UTC, O $64,330.2 C $64,358.8) is a tiny 5 BTC inside-range candle that neither closed decisively through nor rejected pdEQ. Price is pinned in dead space between pdEQ/dVAL ($64,366–64,377) and VWAP $64,472 with flat 5m delta (-1.1 BTC), near-zero volume and quiet OI — a poor reaction at the level, no trend to join, and after one loss today I need a cleaner read. No trigger = pass.