$COMP PUSDT BULLISH MOMENTUM WITH POTENTIAL UPSIDE CONTINUATION
$COMP USDT is currently showing strong bullish momentum, trading near recent highs after breaking above the key resistance zone around 55.00. The price is consolidating just below 57.00, indicating potential for further upward movement.
Long Entry: Consider entering near 55.50-56.00 on a pullback or consolidation.
Take Profit Targets:
TP1: 57.50
TP2: 59.00
Stop Loss: Set stop loss below 54.00 to limit downside risk.
Risk Management: Use proper position sizing to risk only 1-2% of total capital per trade. Maintain a favorable risk-to-reward ratio above 1:2 to maximize profitability.
This setup indicates a solid bullish trend with clear entry and exit points supported by recent price action and volume.
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