Passe — pas de trade

VWAP at $62,648.8 has a valid 15-minute rejection trigger from the closed 10:00 UTC candle (L $62,646.4, C $62,686.3), but after two consecutive losses it fails the stricter confluence bar: both 4h CVD and 5m delta are bearish-divergent, while OI is weakening and funding is positive. With a properly buffered stop below the rejection wick near $62,520 and the next major objective at dVAH $62,919, the honest R:R is only about 1.4:1; CCV is not in play, so no sub-2:1 exception applies.