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Price has just knifed through pmPOC $62,700.5 in a vertical liquidation leg (15m 13:45 closed down at $63,165, and the current 15m and 5m candles are still FORMING) — the only close through the level is a 5m, which can never be the named trigger, and there is no 15m close through or rejection at the level yet. Entering here would be either chasing momentum into the fresh flush low ($62,341) or fading a breakdown into pmVAL/monthly-open support with no reclaim close — both forbidden. The 5m bullish delta divergence is a hint of absorption only; I need a 15m close back above pmPOC (reclaim) or a backtest of it from below before there is a trade.

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