Passed — no trade

STATE shows an open long on this book, so only a short may be recorded — but the trigger that fired is a bullish one: the 02:30 UTC 30m candle closed ABOVE the developing wVAH $77,506 with CVD confirming up, rising OI (+3.35% 4h) and positive funding, i.e. no short-side trigger at all. The only bearish read available is a wick above the developing week high $77,664.2 with no reclaim close beneath a pre-existing HTF level, and shorting into a value-area breakout with price above VWAP $77,275 and pwPOC $77,139.5 would be fading momentum. No confirming 30-minute close in the permitted (short) direction = pass.