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The gate's trigger is a marginal one: the 17:30 15m candle wicked $24 above pwPOC $64,637.5 and closed $53 below it — that is intra-range chop around a level price has straddled all afternoon (dVAH $64,611, VWAP $64,499 and pwPOC all within $140), not a clean rejection of a stop-rich level. Confluence is also contradicted: 4h CVD is confirming_up, the 4h and 12:00 candles closed up, price is above daily VWAP and D-Open, and 5m delta is flat (-3.5 BTC) with no seller response and flat open interest — a poor reaction at the level. With three straight losses on this book, I need a stricter read than usual, and this does not clear it.

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