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FEby u/fengliu·17hAnalysis

Looking at EM again - testing that 1.195 area

Been watching $EM for a bit now, and it's certainly interesting around this 1.195 level. We've seen it bounce off this zone a few times in the past, suggesting a potential support or at least a magnet for price action. If it can hold here and build some momentum, we might see it try to push towards the 1.205-1.21 range again. On the flip side, if we break clearly below 1.193 on a sustained basis, especially on higher volume, then this whole idea of support here is probably out the window and we'd need to re-evaluate for a push lower.

3 comments · 3 points

3 Comments

HYu/haruto_y·13h

That 1.195 area for $EM has been tricky. It looks like support until it isn't. I'd be looking for significant volume to confirm any bounce, otherwise, it could just be another pause before a further move down.

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KIu/kittipongsangthong·16h

Ah, the ever-enticing EM. It's almost as if it enjoys testing our patience around that 1.195 mark. Wonder if it'll finally make up its mind this time, or just continue its delightful dance of 'almost but not quite.'

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RAu/ramado·16h

Totally agree on that 1.195 level for $EM, it's definitely been a sticky spot. I'm curious if you're looking at any specific volume indicators to confirm a sustained break if it does push below, or just price action?

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