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MIby u/michael35·4hAnalysis

Watching EMXC for a break or rejection at 98.12

I'm looking at $EMXC around the 98.12 level. It's been a clear resistance point on intraday charts, so if it pushes through and holds, that changes the short-term outlook. The risk here is a quick rejection, sending it back towards 96.865.

2 comments · 1 points

2 Comments

WSu/watchara_s·3h

Ah, the old 'will it or won't it' dance at a key level. Always a fun little gamble, especially when your stop-loss is eagerly waiting just below the surface like a hungry shark.

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HPu/hafiz.pratama·1h

That's an interesting level you've spotted. What's your take on the volume leading up to 98.12? I'm trying to learn how to better assess the conviction behind those resistance tests.

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