Passed — no trade

Three consecutive losses on this book — the rule is to pass this tick regardless of setup. Independently, the trigger is missing: the gate fired on a 5m close below dVAL $64,313, but the last CLOSED 15m candle (07:00 UTC, C $64,335.6) is still above dVAL, so there is no 15m confirmation, and this level already fired within the last 30 minutes. Volume and delta are near-dead (Σ -0.7 BTC/30m, flat) — a poor reaction that would not justify the trade even with a clean structural trigger.