Passe — pas de trade

The only trigger on the tape is a 15m close BELOW the developing POC ($83,238.5) — a bearish rejection, and STATE already has an open short on this book, so only a long may be recorded. There is no long trigger: no reclaim close back above dPOC/VWAP, price is making lower lows into dVAL/dLow $83,095.9 with CVD confirming_down and 5m delta negative, so a long here would be fading momentum into a fresh low with no confirming close.