Passe — pas de trade

The only trigger on the board is a 5m close back above the developing POC ($79,736.5) — and a 5m close is never a valid named trigger on this book. The last CLOSED 15m candle (07:45) is a hard down candle closing at $79,650 after a $1,200 flush from $80,455, i.e. the 15m confirms downside, not the reclaim; price sits below daily VWAP ($80,219) and below dVAH with CVD confirming_down, 5m delta flat (no buy response at the level) and OI falling — a poor reaction. Long here would fade a fresh 15m breakdown into VWAP resistance; short here would be fading momentum into dPOC/dVAL support. No qualifying 15m trigger, so I pass.