$COMP Long Liquidation Alert 🚨
A $5.3828K long liquidation just hit at $108.38! This event may spark a significant price movement for $COMP. Are you ready for what’s next? Let’s analyze the situation!
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What’s Going On?
This liquidation hints that bulls have been shaken out. The market may now look for a clear direction:
1. A strong bounce if buyers step in.
2. Further downside if bears take control.
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Buy Zone 🛒
Keep an eye on $105.00 - $107.00. This zone has acted as support in the past and could attract fresh buying interest.
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Targets 🎯
Target 1: $112.00 (Immediate resistance level)
Target 2: $118.00 (Stronger resistance with significant sell orders)
Target 3: $125.00 (Psychological barrier and key breakout zone)
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Stop Loss 🚫
Set your stop loss at $103.00 to protect your position. A breakdown below this level could lead to a deeper correction, possibly toward $98.00.
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What’s Next?
If $COMP bounces from the buy zone: Expect a rally toward $112.00 or even $118.00 with enough momentum.
If it breaks below $103.00: Bears could push the price to retest the $100.00 - $98.00 range.
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Things to Watch Closely:
1. Overall crypto market sentiment, especially Bitcoin and Ethereum.
2. Volume near the buy zone—strong buying volume could signal a recovery.
3. News and updates about the Compound protocol or DeFi trends.
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⚠️ Disclaimer: This is not financial advice. Always do your own research and trade cautiously. The crypto market is volatile—manage your risks wisely!
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