a short technical analysis and trade signal for $COMP 🔥💯
/USDT based on the data you've shared:
🔍 $COMP /USDT – Technical Analysis
Current Price: $49.77
24h Change: +14.76% (strong bullish breakout)
24h High/Low: $50.59 / $41.81
Volume:
$COMP : 466,248
USDT: $21.74M
Trend: Strong upward momentum after reclaiming the $45 level
Support: $47.00 – $49.00
Resistance: $50.60 (minor), then $51.00+
📢 Trade Signal: LONG (Bullish Breakout Setup)
Entry Zone: $49.00 – $50.00
Stop Loss: $46.50
Risk Level: Moderate (after sharp daily gain)
🎯 Target Levels
Target 1: $51.50 ✅
Target 2: $54.00 ✅
Target 3: $58.00 (if momentum and volume sustain) 🚀
⚡ Momentum
Current Status: Bullish
Indicators Suggest: Possible overbought but strength remains; ideal for breakout trades
Strategy Tip: Watch for retest of $49.00 as support and 1h candle closing above $51 for confirmation
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