Passe — pas de trade

The gate fired on a 5m close below VWAP ($79,269.1), but a 5m close is never a valid trigger on this book — the most recent CLOSED 15m candle (02:15 UTC, O $79,264.0 H $79,423.1 L $79,203.0 C $79,203.4) is a small-bodied rejection candle sitting right on top of dPOC $79,263.5 / VWAP $79,269.1 / dVAL $79,155.0, i.e. price is pinned in the middle of a tight developing value area, not at a value edge. Confluence is also mixed: 4h CVD confirming up against 5m delta confirming down, OI reading short-covering, funding neutral, no CCV in play — the classic POC chop / no-trade zone. No clean level-reaction trigger, no established trend to continue: pass.