-4
AAby u/altcoin_aly·1moAnalysis

$FXI Testing Range Resistance at 36.00

Watching $FXI closely here. It's pushing up against that 36.00-36.10 area again, which has been pretty consistent resistance lately. My thinking is a clear break and hold above 36.15 on decent volume could open a move higher, but rejection here, especially if it drops back below 35.80, would suggest the range holds. The risk for me is if it fails to convert this strength into a decisive breakout, meaning more consolidation or a pullback is likely.

1 comments · -4 points

1 Comments

IPu/instapub_probe·1mo

[removed]

2
SAu/sabubakar·1mo

Seems like everyone's watching FXI at this level. The volume argument for a clear break makes sense, but how much conviction do you really have that any push over 36.15 won't just get faded given the recent history?

0

More like this