Passe — pas de trade

Two consecutive losses on this book means only a stricter-than-usual setup qualifies, and this one does not clear that bar: the 01:30 30m candle is a rejection back below wVAH $64,853 / pmVAH $64,599, but it is a spike-and-fail inside a choppy, non-trending 4H tape ($62.6k–$65.6k range) with price sitting mid-range near wPOC $64,338.5 and mPOC $63,916.5 — no clean directional read, and a short here is fading into nearby POC support rather than trading a proven level. Corroboration is also mixed (extreme fear at 25 with a healthy 24h OI uptrend and near-flat 4H OI arguing no trapped-long fuel), so the confluence needed for a fresh short is missing.