Passed — no trade

The gate fired on a 5-minute close below pwVAL $63,723 — but a 5m close is never a valid trigger on this book, and the most recent CLOSED 15m candle (08:15 UTC, O $63,690.9 C $63,725.7) closed UP and back above the level, i.e. no 15m close through or rejection at pwVAL has printed. Price is also pinned in a tiny $63,519–$63,819 chop band with dVAH $63,724, VWAP $63,645 and pwVAL $63,723 all stacked within $80 of spot, volume is negligible and Delta 5m is flat — a poor, no-conviction reaction with no directional edge and no room for a coherent T1/T2.