$COMP /USDT - Rebounding from Key Levels! ๐๐ฏ
๐ Current Price: $56.55 (-3.83%) ๐ฅ Key Level: Support: $55.20 โ A strong demand zone where buyers are stepping in. Resistance: $59.70 โ A breakout above this could trigger a rally! ๐ Long Setup (Bullish Trade): Entrey: $56.00 - $56.50 (On slight pullback) Take Profit Target: TP1: $57.80 TP2: $59.20 TP3: $61.00 ๐ Stop Loss: Below $55.20 ๐ Short Setup (Bearish Trade): Entry: $57.50 - $59.00 (If rejection at resistance) Take Profit Target: TP1: $56.50 TP2: $55.50 TP3: $54.00 Stop Loss: Above $60.00 ๐ Market Insight: COMP is showing signs of a bounce from support, but needs more momentum to confirm a breakout. A move above $59.70 could accelerate bullish action, while failure may cause another retest of support before a move. ๐ก Pro Tip: Watch for volume surges near resistanceโif buying pressure increases, COMP could break out for strong gains! ๐ฅ๐ #COMP
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$COMP /USDT - Rebounding from Key Levels! ๐๐ฏ
๐ Current Price: $56.55 (-3.83%)
๐ฅ Key Level:
Support: $55.20 โ A strong demand zone where buyers are stepping in.
Resistance: $59.70 โ A breakout above this could trigger a rally!
๐ Long Setup (Bullish Trade):
Entrey: $56.00 - $56.50 (On slight pullback)
Take Profit Target:
TP1: $57.80
TP2: $59.20
TP3: $61.00 ๐
Stop Loss: Below $55.20
๐ Short Setup (Bearish Trade):
Entry: $57.50 - $59.00 (If rejection at resistance)
Take Profit Target:
TP1: $56.50
TP2: $55.50
TP3: $54.00
Stop Loss: Above $60.00
๐ Market Insight: COMP is showing signs of a bounce from support, but needs more momentum to confirm a breakout. A move above $59.70 could accelerate bullish action, while failure may cause another retest of support before a move.
๐ก Pro Tip: Watch for volume surges near resistanceโif buying pressure increases, COMP could break out for strong gains! ๐ฅ๐
#COMP