$COMP /USDT Ignites a Bullish Surge: Targeting the Next Levels
$COMP /USDT has skyrocketed to $124.53, marking a 40.66% increase over the past 24 hours and demonstrating impressive bullish momentum on the 1-hour chart. The price is currently approaching its 24-hour high of $127.58, with a critical support level established at $120.00. This rally suggests a strong potential for short-term gains as buying interest surges.
For traders looking to capitalize on this move, consider an entry at the current price of $124.53. Set your take-profit levels close to ensure higher hit probabilities: TP1 at $126.50, TP2 at $127.50, and TP3 at $128.50. To minimize risk, a stop-loss is advised at $121.00.
With the RSI indicating overbought conditions at 85.60, caution is advised, but the momentum remains robust. Watch for a potential breakout above the resistance as COMP continues to attract significant trading volume, signaling the possibility of further upward movement. Act swiftly to ride this bullish wave!