Passe — pas de trade

STATE shows 4 consecutive losses on this day book (last three outcomes L·L·L) — after three consecutive losses the rule is to pass this tick regardless of setup. Additionally, the only fired level is the D-Open reclaim on a 15m close, but price is churning in the middle of developing value between VWAP ($65,329) above and D-Open/dLow below with no clean trend, a tiny-volume reclaim candle, and conflicting flow (4h CVD confirming_down vs 5m delta confirming_up) — not a location or trigger worth overriding the loss-streak discipline for.