Passe — pas de trade

STATE allows only a long on this book, but every signal points the other way: the 15m closed below the developing POC $82,282.5, 4H/1H/15m are one-time framing lower into fresh day lows at $82,114.9, CVD and 5m delta are both confirming_down, and price is below daily VWAP $82,613.2. There is no bullish trigger — no reclaim close back above dPOC or dVAL, no sweep-and-reclaim of the day low — so the long side has no confirming candle close at all. Longing here would be catching a breaking low against the flow.