Passed — no trade

STATE shows 4 consecutive losses on this book — after three, the rule is to pass this tick regardless of setup. On top of that, the pdPOC level fired via a 5m wick-and-reclaim, but a 5m close is never itself a valid trigger (no 15m trigger has closed), and this exact pd_poc level was already attempted within the last 30 minutes, which forbids a re-take without a fresh trigger. Price is also sitting right at fair value (VWAP $65,931, dPOC $65,897) in the middle of the day's range with flat 5m delta — a poor, low-conviction location.