Passe — pas de trade

The gate fired on a 5-minute close below the developing VAL ($77,741) — but a 5m close is never a valid trigger on this book, and the most recent CLOSED 15m candle (00:30 UTC, C $77,745.9) closed above the dVAL, so no 15-minute trigger exists in either direction. Beyond that, the location is poor: price is sitting in a $200 coil between W-Open $77,685, dVAL $77,741, dPOC $77,775, VWAP $77,790 and D-Open $77,801 — effectively the middle of the developing value area, the no-trade zone — with dead overnight volume (0.5 BTC on the last 5m) and a 5m bullish delta divergence (+35.6 BTC) fading the breakdown attempt, exactly the poor reaction quality the method says to pass on. This level also already fired within the last 30 minutes.