Passe — pas de trade

The only structure that triggered is a bullish thrust: the 04:15 15m candle closed through VWAP, pwVAH $85,751 and dVAH $85,825 on heavy volume, with CVD confirming_up, 5m delta +131 BTC and OI building — that is a long signal, and STATE already has an open long on this book, so no new same-direction trade may be recorded. The only direction I am permitted to record is a short, and there is no short trigger: no rejection close back below pwVAH/dVAH, no sweep-reclaim, and the one-tick poke of dHigh $86,748.4 is on a still-FORMING 15m candle with flow aligned up — fading this momentum into a fresh breakout extension is exactly the forbidden trade.