Passe — pas de trade

STATE shows 4 consecutive losses on this day book (last three L·L·L) — the risk protocol requires passing this tick regardless of setup after three straight losses. Independently, the fired level is only a developing POC (fair value), price is pinned to VWAP/dPOC with a flat 5m delta and no meaningful trigger; a 5m close above dPOC is not a valid named 15m trigger anyway.