Passe — pas de trade

The gate fired an SFP-style tag of the R:MEDIUM/R:WIDE range low $80,302.9 (also the W-nPOC/D-nPOC $80,278.5 confluence), but the 17:00 UTC 30m candle merely touched the level to the tick and closed DOWN — it is a continuation candle in a vertical sell-off, not a reclaim of a swept level: nothing was actually taken below $80,302.9 and no stops were grabbed, so there is no failed-auction/SFP trigger. The broader signals also contradict a long here — CVD confirming_down, OI building +1.9% on 4H into a collapsing tape (new shorts winning, not trapped), price below daily VWAP $82,110 and below the day/week/month opens, and HTF structure is a clean series of lower highs/lower lows off $86,941. Missing component (b): no confirming 30-minute close reclaiming the level; this is a watch for a genuine wick-below-and-close-back-above, not a trade.