Passed — no trade

The gate fired on a 5-minute wick-and-reclaim of the developing VAH ($63,447), but a 5m close is never a valid trigger on this book — the most recent CLOSED 15m candle (07:00 UTC, O 63,531 H 63,550.1 L 63,451 C 63,486.6) is a small inside down candle that neither closed through nor rejected the dVAH; there is no 15m trigger. Location is also poor: price is sitting mid-way between dVAH/VWAP ($63,334) and D-Open ($63,662) — effectively the middle of the developing value area, a no-trade zone — with flat 5m delta (+1.4 BTC/30m), flat OI and tiny volume, i.e. a poor reaction at the level. With one loss already on the book today, this does not clear a stricter bar.