$COMP /USDT: Bullish Expansion in Progress 🚀
Compound (
$COMP ) is exhibiting strong trend continuation after a successful retest of lower support. The aggressive 1H reversal from the $25.61 low confirms that buyers are stepping in with significant conviction, absorbing sell orders near the breakout zone.
📊 Market Snapshot
Current Price: $26.78 (+1.83%)
24H High / Low: $27.04 / $25.76
Key Support: $25.61 (Recent reversal point)
Trend: Bullish momentum favoring continuation.
🔍 Technical Insights
Breakout Confirmation: The price is currently consolidating above the previous resistance-turned-support. This "healthy pullback" is a textbook signal for further upside.
Volume Profile: The expansion was accompanied by strong buying volume, suggesting this isn't just a temporary bounce but a structural move.
Momentum: With the structure firmly intact and price holding above the breakout zone, the next logical target is a retest and break of the $27.04 local high.
💡 Trading Strategy
Strategy: Look for entries on successful retests of the $26.50 – $26.60 zone.
Targets: > 🎯 Target 1: $27.45 (Immediate resistance)
🎯 Target 2: $28.20 (Major liquidity pool)
Nabiha Noor
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