what's going on in $COMP market currently
and what does it says
#ellonmask_comeback_for_new_era
COMP/USDT 5-minute chart is called a:
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🔻 Bullish Pennant Pattern
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🧩 Pattern Breakdown:
Strong prior uptrend: The price surged from around $43 to $50.55.
Then formed a tight consolidation zone with:
Lower highs
Higher lows
Forming a small symmetrical triangle (a pennant)
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💡 What It Means:
This is a continuation pattern, and here's what it usually signals:
Buyers pushed price up aggressively (the flagpole).
Market is cooling off, creating the pennant as volume drops.
If price breaks above the upper trendline of the pennant with volume, 👉 it's likely to continue upward — resuming the prior trend.
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🔮 What's Next (Likely Scenarios):
✅ Bullish Breakout (most likely)
Entry trigger: Break above $50.00–$50.20
Target: $52.00–$53.00 range (flagpole height projection)
Stop Loss: Below $48.80 or the lower pennant line
❌ Bearish Breakdown (invalidates pennant)
Entry: If breaks below $48.40
Target: $46.00–$45.00
SL: Above $49.70
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📊 RSI: 51.55
Neutral → could go either direction
Needs momentum from volume or breakout candle
stay tuned with us
