Technical Analysis of $COMP
/USDT🚀🎯
Price Overview
Current Price: $134.31 (+54.74% in 24h)
Trend: Strong bullish breakout above Bollinger Bands upper limit (132.08), indicating a high momentum phase.
Volume: High trading volume confirms strong buying interest.
Key Indicators
1. Bollinger Bands (20, 2):
Upper Band: 132.08 (Support in case of a pullback)
Middle Band: 121.69 (Major Support Level)
Lower Band: 111.30
2. Parabolic SAR (0.02, 0.2):
Current: 121.64 (Bullish trend intact unless price falls below this level).
3. MACD (Assumed Positive): Likely confirming upward momentum with a bullish crossover.
Trade Strategy for COMP/USDT
Entry Point
Buy Range: $130–$134 (preferably on minor pullbacks).
Stop Loss: $120 (below the SAR and Bollinger Middle Band).
Targets 🎯
1. Target 1: $140 – Immediate resistance near psychological levels and recent highs.
2. Target 2: $155 – Next resistance, aligning with the current trend momentum.
3. Target 3: $180 – Extension level if bullish sentiment continues.
Risk Management
Set a Risk-Reward Ratio of at least 1:2 or better.
Reduce exposure gradually as targets are achieved to lock in profits.