$COMP /USDT – Rejected Hard at Resistance… Short Opportunity Brewing!
Current Price: $45.08 (+1.08%)
$COMP tried to break through $47.77, but it got smacked down fast—leaving behind a strong rejection wick.
This isn’t just noise… it's a clear sign of weakness from the bulls.
We’re now seeing a triple-top forming on the lower timeframes, and that usually means one thing: downside is likely coming.
Resistance Levels:
$47.00
$47.77 (24H high that sparked the sell-off)
Support Zones to Watch:
$44.50
$44.00
$42.80
Short Setup in Play:
Entry Range: $45.20 – $45.80
Targets:
TP1: $44.50
TP2: $44.00
TP3: $42.80
Stop Loss: $47.10
What This Means:
Price failed three times to push higher—it’s losing momentum.
The rejection from the supply zone is clear, and we could see a clean drop if $44.50 breaks.
Pro Tip:
Watch for a breakdown below $44.50 with strong volume.
That’s your confirmation. Keep your stop tight, and trail your profits on the way down.
Also—keep an eye on BTC, its next move could guide this one.
