$COMP /USDT AT CRITICAL ZONE: RANGE SQUEEZE FORMING!
From $39 to $49 Now Stuck Between Key Support & Resistance!
$COMP rallied from a major low to hit $49.72 before reversing into a downtrend. After printing lower highs at $47.93 and $45.45, price is now compressing between the $41.20–$43.80 range. This 4H chart shows classic squeeze behavior a breakout from here will likely determine the next big move.
Trade Setup:
• Entry Zone: $41.50 – $42.30
• TP1: $43.80
• TP2: $45.40
• TP3: $47.00
• SL: $40.60
$COMP is at a decision point. A clean break above $43.80 may reverse the downtrend, but failure to hold $41.20 could trigger further downside.