Passed — no trade

STATE shows 4 consecutive losses on this book (last three L/L/L) — after three consecutive losses the mandate is to pass this tick regardless of setup. Independently, the fired level (dPOC $65,268.5) is a fair-value developing POC — the method explicitly avoids new positions at the POC as it is a ~50-50 trade, and the tiny rejection wick (15m close $65,227.5 just $41 below POC) on thin volume with no meaningful delta response is not a quality trigger. No trade.