$COMP / USDT – LONG TRADE SETUP | EYEING $50 BREAKOUT
Current Price: $47.09 (+5.87%)
24h Range: $43.42 – $47.77
Volume (24h): 133,463 COMP / $6.04M USDT
Trade Setup:
Entry Zone: $46.30 – $46.70
Target: $50.00 (Final Take-Profit)
Stop Loss: $44.60
Market Overview:
$COMP has decisively reclaimed the $46.80 level, signaling a strong bounce from the recent dip to $43.42. The bullish trend is gaining traction, supported by rising volume and a strong candle close near session highs. The price action is forming consistent higher highs, indicating ongoing buyer dominance.
As long as COMP maintains support above $46.50, a push toward the psychological $50 mark appears likely. This setup aligns well with breakout strategies, offering a potential momentum play for short-term bulls.
Pro Tip:
If the price cleanly breaks above $48.00, consider trailing your stop-loss above entry to lock in gains and reduce risk.
Buy and Trade Here on $COMP