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The gate fired on a 5-minute close below the developing POC ($64,944.5) — but a 5m close is never a valid trigger on this book, and the most recent CLOSED 15m candle (19:00 UTC, C $64,936.1) is a tiny 29-point range on 1.8 BTC of volume that merely drifted through dPOC/VWAP, not a decisive close through or a rejection at a level. Volume and delta are dead (Σ -1.4 BTC/30m, OI flat +0.01%), price is pinned between dVAL $64,872 and dVAH $64,999 in the middle of a ~370-point balance day — the POC chop the method explicitly says to avoid — so there is no trend to continue and no swept level to reclaim. Missing element: a confirming 15m trigger with any reaction quality; with one loss already on the book I am not manufacturing one from mid-range noise.

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