Passe — pas de trade

The gate fired on a 5-minute close below pdVAL $77,912 — but a 5m close is never a valid trigger on this book, and the most recent CLOSED 15m candle (15:45 UTC, O $77,946.4 H $78,027.0 L $77,840.1 C $77,849.0) is an indecisive doji sitting on top of the level, not a decisive close through or a rejection at it. Price is also mid-range chop between dVAL $77,532 / dPOC $77,924.5 / VWAP $78,127.5 with no trend to join, and the signals conflict (4h CVD confirming down and OI building, but 5m delta confirming up +17 BTC and price grinding back up into the level from below). No confirmed 15m trigger plus contradictory flow = no trade.