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The gate fired on a 5m wick-and-reclaim of the developing VAH ($65,141), but a 5m close is never a valid trigger on this book — the most recent CLOSED 15m candle (22:15 UTC, O $65,332.7 H $65,356.9 L $65,131.7 C $65,150.4) is a bearish close that gave back the entire 22:00 thrust into the day high $65,444.9, i.e. it rejected the spike rather than confirming a level reaction. So there is no confirming 15-minute trigger either long or short: price is simply hovering on the dVAH with the day high just above and VWAP/dPOC below, in the middle of the developing value area — the no-trade zone. Corroboration is also mixed (CVD up and shallow positive funding vs. open interest falling on short-covering and a $65,444.9 spike already faded), so I decline rather than wait.

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