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Thoughts on EMQQ breaking out, or not
Watching $EMQQ today, specifically that 33.00-33.055 zone. It's been range-bound for a bit, and a decisive break above today's high of 33.055 could signal a continuation move higher. However, volume is not particularly inspiring on this push, which often makes me wary of the conviction behind the move. If it rejects 33.055 and pulls back below 32.70, then the breakout scenario is likely invalid, and we're back to grinding sideways, possibly testing the lower end of its recent range again.
1 comments · 1 points
I'm seeing similar price action on EMQQ. The low volume on this push is definitely a red flag, makes me wonder if it's just a head fake before a pullback.