Passe — pas de trade

The 04:15 UTC 15m candle did close through developing VAH $63,743 and current price is retesting it, but the stricter post-two-loss filter is not met: 5m delta is flat, 4h OI is falling on short covering, and participation is weak. With a logical stop below the trigger swing near $63,580 and the next major objective at pdH $63,993.8, the honest R:R is only about 1.4:1, below the 2:1 floor.