๐จ $COMP /USDT โ Oversold & Slippingโฆ Or Prepping for a Reversal? ๐
$COMP is down slightly at $45.45 (-0.37%), holding near key support. With RSI nearing oversold and price compression tightening, is a bounce brewingโor is deeper downside ahead? Letโs break it down ๐
๐ Market Overview
๐ Current Price: $45.45
๐ 24h High: $46.11
โ๏ธ 24h Low: $44.97
๐ Parabolic SAR: Sitting near $45.73 (trend under pressure)
๐ MACD Momentum:
Bearish pressure slowing down
24h Vol: 656K COMP | $5.26M USDT
๐ RSI (6): 37.08 (๐ง Near oversold โ watch for bounce setups)
๐ COMp Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If COMP Holds Above $44.90):
Entry: Above $45.70
Targets: $46.85, $47.95, $49.00
Stop-Loss: $44.60
๐น Bearish Scenario (If COMP Breaks Below $44.60):
Entry: Below $44.50
Targets: $43.75, $43.00, $41.80
Stop-Loss: $45.70
๐ Should You Hold or Sell?
โ Price respecting $45.00 support = possible reversal setup
โ ๏ธ RSI at 37 = oversold zone approaching โ good risk/reward for bulls
๐ MACD remains weak โ caution until volume confirms upside
๐ก Pro Tip:
๐ Watch for a bounce off $44.90 with increased volumeโgreat risk/reward long
โ ๏ธ Break below $44.50 = continuation to $43 or lower likely
๐ข Are you eyeing a reversal or shorting the breakdown? Comment your move below!
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