$COMP
/USDT BULLISH BREAKOUT š
PRICE SURGES AFTER STRONG REVERSAL
MOVING AVERAGES TURNING POSITIVE
MOMENTUM BUILDING ABOVE KEY LEVELS
š Key Levels:
Resistance: $53.85
Support: $52.94 & $52.48
Current Price: $53.61
š¢ LONG TRADE SETUP:
Entry Zone: $53.40 ā $53.60
Take Profit (TP): $54.20 / $54.80
Stop Loss (SL): $52.90
š” Market Outlook:
Price has broken above recent resistance after bottoming at $51.68. The short-term uptrend remains intact as MA(7) crossed above MA(25) and MA(99), signaling bullish momentum. Further upside potential remains as long as support holds.
ā Risk Management:
Use proper position sizing and respect SL to manage volatility.