Passe — pas de trade

The 05:20 UTC 5m candle genuinely closed through developing dVAH $64,775, and short-term delta plus rising OI support the break, but the 4h bearish CVD divergence leaves broader confirmation conflicted directly beneath the $64,938.5 naked/previous-day POC. Using the trigger candle’s $64,686.6 local low as honest invalidation and settled dVAH $65,107 as T2 gives only about 1.6:1 R:R, below the 2:1 floor, so no clean trade.