⚠️ $COMP /USDT – Sellers Taking Control! 📉🔥
$COMP has lost steam after repeated rejections above $52 and is now rolling over, trading at $50.11. The lower high formation and breakdown below structure support hint at growing bearish momentum. Watch for a sharper drop if $49.80 cracks!
📊 Short Trade Setup:
• Entry Zone: $49.90 – $50.40
• Target 1 (TP1): $48.60
• Target 2 (TP2): $47.40 ✅
• Stop Loss (SL): $52.30
⚡ Technical View:
Bearish structure confirmed with declining highs and increasing sell volume. Breakdown below recent support is attracting downside pressure.
🛡 Risk Note:
If SL hits, setup is invalid. Stick to position sizing and don’t overexpose.
🔄 Strategy Breakdown:
Price action shows clear signs of exhaustion after the $52 rejection. With a lower high locked in and breakdown candles forming, this setup favors short continuation toward the next support zones.
📢 Follow @bullishbanteer for sharp setups and timely crypto alerts! ⚔️📲