what's going on in $COMP market currently

and what does it says

#ellonmask_comeback_for_new_era

#ellonmask

COMP/USDT 5-minute chart is called a:

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đŸ”» Bullish Pennant Pattern

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đŸ§© Pattern Breakdown:

Strong prior uptrend: The price surged from around $43 to $50.55.

Then formed a tight consolidation zone with:

Lower highs

Higher lows

Forming a small symmetrical triangle (a pennant)

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💡 What It Means:

This is a continuation pattern, and here's what it usually signals:

Buyers pushed price up aggressively (the flagpole).

Market is cooling off, creating the pennant as volume drops.

If price breaks above the upper trendline of the pennant with volume, 👉 it's likely to continue upward — resuming the prior trend.

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🔼 What's Next (Likely Scenarios):

✅ Bullish Breakout (most likely)

Entry trigger: Break above $50.00–$50.20

Target: $52.00–$53.00 range (flagpole height projection)

Stop Loss: Below $48.80 or the lower pennant line

❌ Bearish Breakdown (invalidates pennant)

Entry: If breaks below $48.40

Target: $46.00–$45.00

SL: Above $49.70

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📊 RSI: 51.55

Neutral → could go either direction

Needs momentum from volume or breakout candle

stay tuned with us

#DontMiss_Ellon_Mask