Passe — pas de trade

The 18:30 UTC 15-minute candle did reject developing VAH at $63,515 (H $63,518, C $63,388.1), but entry near $63,262 after the move leaves poor payoff: with a properly buffered stop near $63,720 and the honest main objective at the $63,054 dVAL / $63,047 prior-day edge, R:R is only about 0.46:1. After two consecutive losses this does not meet the stricter bar; the later dPOC loss is also not on a retest, while 5m delta down conflicts with confirming-up 4h CVD.