Passe — pas de trade

The 10:45 UTC 15m candle did reject daily VWAP at $62,648.3, but after two consecutive losses it fails the stricter quality bar: reaction volume was weak, 5m delta is flat, and 4h OI is declining from short covering rather than confirming fresh selling. With a properly buffered stop beyond the $62,666.1 wick, the honest next major objective at pmVAL $62,390 offers only about 1.5:1 R:R, below the 2:1 floor.