Passe — pas de trade

The 04:45 UTC 15m candle did reject developing VAH $64,438 (H $64,496.9, C $64,431.2), but after two consecutive losses it fails the stricter quality bar: 5m delta is flat and 4h OI is essentially flat, so the reaction lacks strong participation. A properly buffered stop above the $64,496.9 wick versus the next major objective at pdVAH $64,159 gives only about 1.4:1 R:R, below the required 2:1 floor for this non-CCV-2.0 level reaction.