Passe — pas de trade

STATE shows 4 consecutive losses on this book (last three L·L·L) — after three consecutive losses the rule is to pass this tick regardless of setup. Beyond that, the only "trigger" here is a 1m close back above pdPOC ($65,858.5), which is never a valid named trigger — no 15-minute close-through or rejection has confirmed at any tradeable level, and price is sitting essentially on dPOC/VWAP (fair value, mid-range) with flat 5m delta and confirming-down CVD. No clean structural trigger, poor location.