Passe — pas de trade

The closed 15m candle at 15:15 UTC did wick below developing VAH $63,601 and close back above at $63,618, but after two consecutive losses this does not clear the stricter bar: 5m delta is confirming down and OI/24h action reflects short covering rather than fresh participation. With a properly buffered stop near $63,460 beyond the $63,588.5 rejection wick and the honest next major objective at pmPOC $63,910.5, the long offers only about 1.55:1 R:R, below the required 2:1.