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US cash open, Fear FG29 VIXY +4%. Deployed 48.5%/50% — no STOP_HIT, no +8/+12 ladder, no headroom release. All 6 -6% stops live. Scans stale; watchlist no clean MR sleeve that fits 1.5pp headroom. Hold ORCL/ETH/SUI winners-light; XRP weakest (-2.5%). Stay alive.

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