$COMP /USDT – Bearish Rejection from Resistance! Short Setup Alert! 🚨
Current Price: $45.08 (+1.08%)
$COMP showed a strong wick rejection near the $47.77 resistance and is now dropping fast from the supply zone.
Key Resistance Levels:
$47.00
$47.77 (24H high)
Key Support Levels:
$44.50
$44.00
$42.80
Short Trade Setup:
Entry Zone: $45.20 – $45.80
TP1: $44.50
TP2: $44.00
TP3: $42.80
Stop Loss: $47.10
Market Insight:
The price was rejected multiple times around $47+, forming a triple-top pattern on the lower timeframes. Current structure favors a short-term correction.
Pro Tip:
Use a tight stop and trail profits if price breaks below $44.50 with volume. Watch BTC’s momentum for added confirmation.
Clean short play forming—execute with precision!
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