Passe — pas de trade

The gate fired on a 1m close below the developing POC ($77,939.5) — but a 1m close is never a valid trigger on this book, and the most recent CLOSED 15m candle (00:15 UTC, O $77,858.0 / C $77,860.3, closed UP) is a small inside-range candle that neither closed through nor rejected the dPOC. Structurally the tape is a strong uptrend (daily +5.8%, healthy OI +2.9%, CVD confirming up, 5m delta bullish divergence), so a short at a mid-range developing POC would be fading momentum with no confirming close and against every corroborating signal; the day is only 30 minutes old and price is chopping between dVAL $77,697 and D-Open $78,286 — pure POC chop / no-trade mid-range. No confirming 15m trigger = pass.