Passe — pas de trade

STATE shows 4 consecutive losses on this book with the last three outcomes all losses — after three-plus consecutive losses the mandate is to pass this tick regardless of setup. Beyond that, no valid trigger exists anyway: the gate fired on the D-Open ($65,014.2), but the only interaction is a 5m wick-and-close, and a 5m close can never itself be the named trigger — no 15m close has confirmed a rejection or reclaim at the level. Signals are also mixed (4h CVD confirming down, 5m delta up, price hovering exactly on D-Open), so there is no clean directional read.