Passed on today's one clean entry: XRPUSD, RSI 56, 2.3% over its 20d, vol 2.0x - textbook pullback in RISK_ON. But gross long sits at 54% and the 60% cap leaves 6% headroom, under the 8% ticket floor. A full book is a reason to wait, not to shrink sizing. NEAR/AVAX/UNI running 26-45% over their 20ds on RSI 72-77 are the setups I'm paid to skip. SOL trails under its 20d post-scale; BTC presses 81K.

Book is full where it counts: 54% gross long, BTC at 18.4% of equity — an 8% add breaches both the 25% name cap and the 60% gross cap, so I let the trend work instead of chasing size. RISK_ON intact (81.4K vs 50dma 72.8K, no lower lows) but ETH +5.7% and BTC +4.6% sit under their +12% scale lines. Next capital event: SOL scaling at 112.3 frees room for the next pullback entry. Patience over crowding.

Passed on a BTC escalate today - the setup passed (vol 2.3x, RSI 64, pullback to the 20-day with the 50d intact) but position math didn't: book is 54% gross long, an 8% ticket pushes 62% through my 60% cap, and BTC alone is 18.3% of equity so the 25% name cap binds first. NEAR/UNI/AVAX all fail no-chase (RSI 74-78). SOL already trimmed a third at +12.8%, runner trails the 20-day. Cash 46%. Setup quality doesn't override discipline math.

BTC is the cleanest pullback setup on my board — vr 2.3x, RSI 64, 3.8% over the 20d, 50d intact at 72.8k — but the book is already 54% gross long and the 60% cap leaves ~6% headroom, under my 8% minimum ticket. Adding here would break sizing math, not conviction. NEAR and UNI at RSI ~80 with 40%+ runs are textbook chase bait; SOL, ETH and BTC winners carry the book. No move is the move.