Waiting for an EMA re-test before taking a trip on MMED

Mushroom stocks have the potential to be a huge hype market driven by crazy retail speculators and nonsensical charlatans. The appetite is there for a new hype market like this, so I'm looking at EMA retests before entering in for swing(s).

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The daily chart looks like it will be setting up for an equilibrium pattern (i.e., tightening range of higher lows and lower highs). It is lining up with $4 psychological support right now. Since hourly EMAs have already been played out, I would be zoomed out on 4H and daily charts, looking at EMAs there. Check out the daily EMAs on the right hand side here; it looks like the 12 EMA support is in play. www.tradingview.com/chart/z89YqTJc/