Passe — pas de trade

STATE shows 4 consecutive losses on this book with three straight losing outcomes — after three losses the rule requires passing this tick regardless of setup. Independent of that, the fired trigger (a single 15m close just below the developing dPOC) is a weak location: dPOC is fair value where trades should be avoided, price sits right at VWAP/D-open in a tight low-volume balance, CVD is confirming up and funding is slightly negative, so the directional read for a short is not corroborated. No trade.