Passe — pas de trade

Price is sitting essentially at fair value — right on daily VWAP ($62,790) and inside the developing day value area (VAL $62,731 / POC $62,857), which is a no-trade zone, not a level edge. No trigger has printed: the recent closes are tiny, low-volume, chop candles with no confirming close through or rejection at any settled level, and no with-trend continuation close (the tape is sideways/coiling overnight, not trending). There's also no swept-and-reclaimed prior level. With no clean level in reach AND no trigger, this is a wait.