Passe — pas de trade

The 11:15 UTC 15m candle did reject developing VAH $63,766, but after two consecutive losses it fails the stricter confluence bar: 4h CVD and OI confirm an uptrend, price remains above VWAP, and 5m delta is flat rather than showing a bearish response. A short from $63,689 to the next major objective at dPOC $63,475, with a properly buffered stop beyond the $63,773 sweep, offers only about 1:1 R:R, below the required 2:1 floor.