$COMP / USDT BEARISH PRESSURE CONTINUES AFTER FAKEOUTS
$COMP has been respecting a clear downtrend, printing consistent lower highs from $49.72 down to $43.91. After a failed consolidation breakout near $43.61–$43.91, price has resumed its bearish trajectory, now trading just above the $40.00 zone.
Key Levels:
Resistance: $41.50
Support: $39.00
Market Bias: Bearish
The fakeouts during the consolidation phase show weak bullish momentum. Unless $COMP reclaims $41.50 with strong volume, more downside is likely.
Short Setup:
• Entry: $40.90 – $41.30
• TP1: $40.00
• TP2: $39.20
• SL: $41.75