Passe — pas de trade

The 10:45 UTC 15m candle did reject developing VAH $64,442 by opening above and closing below, but the stricter post-two-loss filter is not met: 5m delta is flat, participation is extremely thin, OI is falling, and 4h CVD is still confirming up. The level and trigger exist, but corroborating order flow is poor/conflicted, so pass.