Passe — pas de trade

The gate fired on a 5m wick-and-reclaim of the developing POC ($78,732.5) — a 5m close is never a valid trigger, and the named 15m close (17:15, a small down candle inside a $78,700–78,870 chop range) is not a rejection or a break of any tradeable level. This level was already attempted within the last 30 minutes, and only a short may be recorded on this book, yet the flat 5m delta (-4 BTC), flat 1m/5m tape and a poor, low-volume reaction at dPOC give no short trigger — price is mid-range between dVAL/dPOC and VWAP $79,010.7, i.e. the no-trade middle of the profile. Missing element: a confirming 15-minute close at a tradeable level, plus reaction quality.