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MIby u/michael35·2moAnalysis

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·2mo

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·2mo

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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