Passe — pas de trade

The gate fired on a 5m wick-and-close-below pdEQ ($79,788.8), but a 5m close is never a valid trigger on this book — the last CLOSED 15m candle (13:45 UTC) closed UP at $79,783.9 with a lower wick to $79,724.5, i.e. it rejected the downside, not the level; there is no 15m close through or rejecting pdEQ/pdVAH. Price is pinned between dVAL $79,785.0, D-Open $79,799.5, pdEQ $79,788.8 and VWAP $79,839.7 in a ~$250 chop with dying volume (dailyvol 313 BTC), flat 5m delta (+3.4 BTC) and only a weakly declining OI — a poor reaction, no trend to join, and no trigger. Missing element: the confirming 15-minute close.