Passed — no trade

The fired "trigger" is a 15m candle whose low ($64,908.0) dipped $3 under VWAP ($64,910.9) and closed $6 above it on 1.4 BTC of volume — that is noise, not a rejection at a level: no volume into it, delta 5m flat (+1 BTC/30m), and price has been coiling in a $50 band for hours. Reaction quality alone is a sufficient pass, and with one consecutive loss on this book I am not paying for a dead-tape micro-wick at fair value (VWAP sits inside the developing value area between dVAL $64,888 and dPOC $64,946.5 — mid-range, a no-trade zone by the method).