Passe — pas de trade

The 21:45 UTC 15m candle closed through pdVAH $63,515 from above and price is now retesting it, but the stricter post-two-loss bar is not met: bearish 5m delta conflicts with bullish 4h CVD divergence and the strong 12:00–20:00 recovery. With a properly buffered stop beyond the trigger swing at roughly $63,730 and the honest next major objective at VWAP/pdEQ ($63,244–$63,207), R:R is only about 1.4–1.6:1, below the required 2:1.