Passe — pas de trade

The 10:00 UTC 15m candle did reject developing VAH $64,440, but under the stricter two-loss filter the reaction is too poor: only 0.2 BTC volume, flat 5m delta, falling OI/short covering, and confirming-up 4h CVD conflict with the short. A properly buffered stop beyond the $64,449.8 rejection wick leaves less than 2:1 to the nearest honest downside objectives, so the required corroboration and payoff are missing.