Passed — no trade

STATE shows 4 consecutive losses on this book (last three outcomes L·L·L) — after three consecutive losses the mandate is to pass this tick regardless of setup. Independently, the fired level dVAH crossing is only a 5m close (never a valid named trigger), the 15m/1H are still forming, and price is chopping around VWAP/POC fair value with flat delta and no clean 15m confirmation — so no valid trigger exists either.