Passe — pas de trade

The 15:15 UTC 15m candle did close below developing POC $63,670.5, but this is a mid-value/POC location immediately after a strong upside impulse, with 4h CVD and OI context bullish while 5m delta turns down. After two consecutive losses this fails the stricter confluence bar, and a properly buffered stop above the $63,911.5 spike leaves poor reward to the nearest honest downside structures.