Passed — no trade

The gate fired on a 5-minute wick-and-close-back below pmVAH ($65,203), but a 5m close is never a valid trigger on this book — the most recent CLOSED 15m candle (08:15 UTC) closed UP at $65,191.3 with no rejection shape and no close back below the level from a sweep, so there is no 15-minute trigger. Corroboration also contradicts a short: CVD confirming_up, 5m delta +5.5 BTC, price above daily VWAP ($65,089) and inside developing value with dPOC/dVAH just overhead — flow is buying into the level, not fading it, and volume/OI (flat -0.14%) show a poor reaction rather than trapped longs. No qualifying trigger, so this is a watch, not a trade.