Passe — pas de trade

The gate fired on a 1-minute wick-and-close-below VWAP ($77,960.5) — a 1m close is never a valid trigger on this book, and the 15m candle that closed (14:15) closed UP at $77,951.4, i.e. essentially AT VWAP with no rejection or reclaim close through it. Price is pinned mid-structure between dPOC $77,987.5 / dVAH $78,122.0 above and dVAL $77,449.0 / D-Open $77,650.6 below, which is the no-trade middle of value. Signals also conflict: 4h CVD confirming down and CCV acceptance failed, but CCV bias is long, 5m delta is confirming up, and OI is only marginally higher — no corroborated directional read and no 15m trigger.