Passe — pas de trade

STATE shows 4 consecutive losses on this book — after three consecutive losses the rule is to pass this tick regardless of setup. Additionally, no valid 15m trigger exists: the 5m close below VWAP is not a valid named trigger (must be a 15m close), the last closed 15m candle actually closed UP at $65,979.5, and price is pinned between VWAP ($66,007) and pdEQ ($65,975.6) with flat 5m delta (+1.6 BTC) — a poor, low-conviction reaction with no confirming 15m close.