$COMP /USDT – Reversal in Progress?

Compound ($COMP) recently broke out of a falling wedge, surged to nearly $52, and is now in a healthy retracement phase, currently trading at $43.93. Price is testing support near the previous resistance at $43, a key decision zone for the next move.

📈 Technical Breakdown:

Classic inverse head & shoulders pattern with breakout confirmation

Retesting the breakout zone at $43.00

20 EMA (green) acting as dynamic support

🎯 Trade Setup:

Entry: $43.00 – $43.90

Take Profit (TP): $47.80 – $48.50

Stop Loss (SL): $41.50

🧠 Risk/Reward looks favorable; a bounce from current levels could trigger the next leg up.

Let's Trade $COMP