$COMP market sentiment and possible entries
#ellonmask_comeback_for_new_era
๐ Current Overview
Price: $49.49
Change: +14.45%
24H High: $50.59
24H Low: $41.81
Volume spike confirms strong interest.
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๐ Technical Indicators Breakdown
โ Bollinger Bands
Price is outside upper band โ typically a signal of overextension.
Band widening = strong momentum, but also potential pullback zone.
๐ต Parabolic SAR
Dots are below the price โ trend is still bullish.
๐ RSI (6): 66.65
Near overbought territory.
Could push higher, but caution for pullback if crosses 70 and rolls over.
๐ STOCH RSI:
Dropping from highs (currently ~18) โ indicating momentum cooling off.
๐ Volume Spike
Big green candle with matching volume = strong breakout
But follow-up candles show reduced volume โ possible profit-taking.
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๐ Key Levels
Resistance:
$50.60 (recent peak)
If broken, next zone: $52.00โ$53.00
Support:
$47.40 (local consolidation)
$45.30 (middle of breakout structure)
$43.20 (previous range high)
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๐ง Sentiment & Probability
Bullish Trend โ confirmed breakout
But short-term indicators suggest cool-down/retrace likely
Might consolidate or retest $47.40โ$45.30 before next move
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๐ข Possible Entry Ideas
๐ Long Entry (Pullback)
Buy zone: $45.30 โ $47.50
Stop loss: Below $44.90
Target 1: $50.50
Target 2: $52.80
๐จ Breakout Re-Entry
Entry: Above $50.60 with strong volume
SL: Below $48.80
TP: $52.50 โ $53.50
