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The gate fired on a 5-minute wick-and-close-below dVAL ($64,377), but a 5m close is never a valid trigger on this book — the most recent CLOSED 15m candle (20:45 UTC, O 64,377.2 / C 64,354.5) is a 2-dollar-body doji drifting at the level, not a rejection or a close through anything. There is no with-trend structure either: price has chopped sideways between $64,260 and $64,450 for three hours on near-zero volume (1-5 BTC per 15m), delta is flat (+1.3 BTC/30m), OI is quietly bleeding and F&G is Extreme Fear with funding near zero — a poor, no-participation reaction at the level. With one loss already on this book today, the missing confirming 15m close is enough to stand aside.

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