$COMP /USDT Trading Signal – Testing Support After Rejection

Current Price: $84.59 (-2.77%)

24h Range: $83.33 - $87.20

24h Volume: 41,370.91 COMP

Observation:

COMP/USDT faces resistance at $87.64, leading to a pullback toward $84.50. The price is consolidating after a strong rally, with bulls defending key support levels. A decisive move could set the next trend direction.

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Trading Plan (1H Timeframe):

Long Entry: $84.00 - $85.00

Targets:

T1: $86.50

T2: $88.00

T3: $90.00

Stop Loss: $82.50

Alternate Plan:

If price breaks below $83.30:

Short Entry: $83.30 - $82.00

Targets:

T1: $81.50

T2: $80.00

Stop Loss: $85.00

Analysis:

MACD shows a bearish cross, indicating a potential continuation of the pullback. However, if support holds, COMP/USDT could rebound strongly towards $90.00.

Strategy Advice: Monitor volume for signs of breakout or breakdown. Secure profits at target levels and manage risk with stop-loss adjustments.

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