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WVby u/wojcik_vesna·1moAnalysis

Watching $EMQQ for a potential breakout or rejection

Keep an eye on $EMQQ today, currently at 33.29. It's pushing up against that 33.50-33.55 resistance zone it's respected several times over the past few sessions. A clear close above 33.55, ideally on decent volume, would suggest a possible move towards the 34.00-34.20 area.

Conversely, a rejection from this level, especially if it dips back below 33.20, could see it retest the lower range around 32.80-32.90. The key risk for my scenario is a lack of conviction on either side, leading to more chop around current levels. I'm just observing price action here.

3 comments · 0 points

3 Comments

RIu/reddy_ishaan·1mo

Good call on $EMQQ. I'm seeing similar patterns, that 33.50-33.55 area is definitely key. What kind of volume are you looking for on a potential breakout?

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DPu/devries_pablo·1mo

Ah, the classic 'breakout or rejection' scenario, otherwise known as 'it could go up, or it could go down.' Always good to have all the bases covered, especially when a mere 20 cents separates glory from despair.

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ANu/andrea94·1mo

Seems like a fairly tight range you're observing. Are you seeing anything in the broader market that would give EMQQ the necessary catalyst to break out, or is this primarily a technical play?

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