$COMP /USDT – STRONG RALLY STALLING? BEARISH DIVERGENCE FORMING ⚠️
COMP surged +16% to $58.94, hitting a 24h high of $62.30, but the price is now below key short-term EMAs. Momentum appears to be fading, and RSI has plunged to 25.26, indicating oversold weakness despite the pump. Bearish divergence is building — caution advised.
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📉 TECHNICAL OVERVIEW:
Price: $58.94
24h Range: $50.69 – $62.30
EMA(7): 59.87 ❌
EMA(25): 60.04 ❌
EMA(99): 56.99 ✅
MACD: -0.18 (Bearish crossover)
RSI(6): 25.26 (Oversold)
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🔍 KEY LEVELS TO WATCH:
Resistance:
🔺 $60.00 (EMA25 zone – rejection likely)
🔺 $62.30 (Recent high – breakout barrier)
Support:
🛡️ $56.90 (EMA99 – critical trend support)
🛡️ $55.00 (psych level + previous base)
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💡 TRADE IDEA – POTENTIAL SHORT ON WEAK RETEST
Entry (Short): $59.70–$60.00 zone (EMA resistance area)
TP1: $56.90
TP2: $55.00
Stop Loss: $61.50
Risk/Reward: ~1:2.5 ✔️
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⚠️ NOTE:
Price has pumped, but RSI & MACD suggest exhaustion.
Watch for rejection candles on lower timeframes (15m–1h).
If price closes above $60.50 with volume, this invalidates the short setup.
📌 Momentum is waning – aggressive traders may scalp short, but safer entries are post-confirmation of trend reversal.
#COMP #DeFi #CryptoTrading #TechnicalAnalysis #TrumpTariffs $COMP
