Passed — no trade

The fired trigger is only a 30m wick-and-close-back below the DEVELOPING week VAH ($65,048) — a soft, in-flight intraday level barely 0.05% from spot, not a settled HTF level with stop-rich liquidity (pwVAH $65,188 / mHigh $65,444.9 are the real overhead levels and were not the ones rejected). With two consecutive losses on this book I need a stricter-than-usual bar, and this fails it: price is mid-range between wVAL $64,775 and pwVAH $65,188, funding is neutral (+0.01%), OI is flat (no trapped positioning), and the 4H/daily tape is sideways chop, so there is no corroborated directional read for either a level-reaction or a continuation. No trade.