Passe — pas de trade

The gate fired on a wick above the D-nPOC $68,980.5 that closed back below, but this is a vertical melt-up candle, not a tradeable reaction: the 15m 15:15 candle CLOSED UP (+$1,650) with 1,501 BTC of volume, so there is no bearish rejection close at the level — the only close-back-below is on 5m/1m, which can never be the named trigger. Every corroborating signal is bullish (CVD confirming_up, 5m delta +202 BTC, OI +3.4% healthy uptrend, funding neutral at +0.0011%), so shorting a fresh spike high into strength is exactly the forbidden fade of momentum; equally I will not chase a long at $68,279 which is far above the trigger candle's body and $1,700 above daily VWAP — no retest exists.