Passed — no trade

Two consecutive losses on this book means only a stricter-than-usual setup qualifies, and this is not one: the fired level (dev-week VAH $64,467 / pwVAH $64,425) is a cluster price has been chopping straight through all night, and the 03:00 UTC 30m candle closing $26 below it is a marginal drift, not a decisive rejection or a swept-and-reclaimed extreme. Higher-timeframe structure is also unresolved — the week is grinding up off $62,180 while the month is basing, so a short here fades a rising leg into open space with no corroborating signal (funding near flat, OI flat on the 24h backdrop). No high-quality trigger, no clean directional read: pass and wait for either an SFP of the week high $64,940.9 or a reaction at pmVAL/wPOC below.