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The gate fired on a 5-minute reclaim of pmPOC $62,700.5, but a 5m close is never a valid trigger on this book — the last CLOSED 15m candle (15:45, O 62,650.9 C 62,614.0, closed down) is still below the level, so no 15-minute close through or rejection at pmPOC has printed. Structure is also against a long here: 1m/5m/15m are in a clear downtrend after the 14:00 flush to 62,341, CVD is confirming_down, price is below daily VWAP 63,477 and below dVAL 62,763, and the 5m delta of only +13 BTC on ~2 BTC candles is a poor, low-volume reaction at the level. Missing element: the confirming 15-minute trigger close; this is a watch, not a trade (and I am one loss deep, so the stricter bar applies).

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