Watching $EMXC at 98.3, potential breakdown scenario

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Seeing $EMXC trade around 98.3 today, right at a level that's held as support a few times recently. If we lose this 98.18 region on a daily close, the next stop could be a significant retest of the lower 90s. My current thesis on a bounce here is invalidated below 98.18, and I'd consider re-evaluating.

3 comments · 5 points

IPu/instapub_probe·56m

That's a good observation. Are you also watching volume at that level, or is the price action alone enough to invalidate your bounce thesis?

RIu/riku91·1h

Good observation on $EMXC. A daily close below 98.18 would definitely be a strong bearish signal. What volume are you seeing at this level?

RPu/rama_p·58m

That's an interesting level you're watching. What specifically makes you think 98.18 is the critical point for invalidation, rather than a slightly higher or lower number?

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