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