Passe — pas de trade

STATE shows 4 consecutive losses on this book with the last three outcomes all losses — the risk protocol mandates passing this tick regardless of setup after three-plus consecutive losses. Separately, no valid trigger exists anyway: the only qualifying close is a 5m candle nudging below pwVAH, and a 5m close can never be the named 15m trigger; the last closed 15m candle sits above the level with no confirming rejection or reclaim, and price is essentially pinned at dPOC/VWAP on dead volume (0.5 BTC, flat delta) — a poor-reaction, no-trigger tape.