Passe — pas de trade

The gate fired on a 5m close below pdEQ ($78,258.7), but the only 15m close available (08:00 UTC, O 78,577.1 → C 78,240.4) is a thrust candle that broke down through dVAL ($78,409) and pdEQ in one move — price is now sitting AT its extreme, not at a retest, so entering here is chasing the excess. Corroboration also contradicts the short: CVD shows a bullish divergence, 5m taker delta is +19.3 BTC into the new low (delta refusing to confirm the extreme), OI is falling (-0.63% — shorts covering / stop-outs, not new money), and the dLow $78,118.6 / M-VAL $78,268 sit immediately beneath as support — fading momentum into support is forbidden. No reclaim close back above pdEQ has printed either, so there is no long trigger yet.