$EMQQ holding at 33, what's next?
Watching $EMQQ today. It's really hugging that 33.00-33.10 level pretty tight, despite the small dip. We saw it bounce off 32.75 earlier, which isn't a huge move but it does indicate some support consolidating around this range. The question now is whether this is accumulation before a break higher, or if sellers are just patiently waiting for it to creep up to that resistance before knocking it back down. Volatility isn't exactly screaming for a big move, but gamma exposure around 33.00 could make things interesting if there's any significant volume coming in. My take is that if we close below 32.70 today or tomorrow, that pretty much invalidates any immediate bullish scenario and we'd likely see a retest of 32.50 or lower. Above 33.10 consistently, and 33.50 comes into play.
It's interesting how it's holding that range. Do you think the broader market sentiment will have a bigger pull, or is EMQQ's specific sector performance going to dictate its next move more?