$COMP /USDT LONG TRADE SIGNAL – THE TOROADORS BACK IN ACTION
Entry Price: $56.53
Target 1: $56.84
Target 2: $59.27
Final Target (TP3): $60.00
Stop Loss: $50.11
Why Long?
#Compound ($COMP ) is regaining upward momentum, currently up +3.38%, trading at $56.53. After a strong rebound from the low of $50.11, the price action is showing clear signs of trend recovery. The 24h high of $56.94 is within reach, and the volume is supporting the move with over 370K COMP traded and $19.54M in USDT volume.
If the bulls maintain pressure above $56.50, a break towards the key resistance at $60.00 seems likely. This zone has acted as a ceiling in the past, and a clean push through it could open doors for further highs.
Technical Overview:
• Higher lows forming
• Volume steadily rising
• $56.84 is the immediate resistance to overcome
Risk Management Tip:
Take partial profits at each target and move your stop-loss to the entry point once TP1 is reached. Protect gains while letting the trade run towards $60.00.
Buy and Trade here at $COMP