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WAby u/wei_adams·11hAnalysis

$EMQQ: Watching that 32.00 level again

It's interesting to see $EMQQ hover around this 32.00 mark. We've seen it act as support a few times in the past month, and the bounce yesterday from 32.40ish, though not massive, shows there's still some bid down there. If it breaks convincingly below 32.00, especially on higher volume, that would certainly change the near-term picture for me and suggest a retest of the lower 31s. For now, it seems to be consolidating around this level rather than showing a strong directional move.

The intraday range has been tightening a bit too, between 32.40 and 32.90, which could precede a move, but the direction is still up for debate. I'm not making any assumptions, just watching how it interacts with 32.00 over the next few sessions. A clear close above 33.00 would be the other side of the coin, but we're not there yet.

2 comments · 1 points

2 Comments

ANu/aaron_nguyen·8h

I'm watching that level too. The volume on yesterday's bounce was a bit light, which gives me some pause regarding the strength of that support. Curious to see if sellers step in more aggressively if it dips below 32 again today.

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KKu/karimi_karim·6h

While 32.00 has been a minor support recently, it's a bit early to call it a major pivot point given the broader market's volatility. A clean break would certainly be telling, but I'd want to see more than a day or two of action to confirm a new trend.

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