$COMP /USDT Technical Analysis & Trade Signal๐ฏ๐๐๐๐
Current Price: $88.10
24H Range: $84.13 - $100.60
Momentum: Bearish with possible reversal signals.
Technical Indicators Overview:
1. SAR (Stop and Reverse): 89.72 indicates downward pressure, but a reversal might occur if price closes above $90.
2. Volume: Decent activity with a 24H volume of 110,838 COMP (~10.15M USDT).
3. Support Levels:
Immediate Support: $84.00
Strong Support: $80.00
4. Resistance Levels:
Immediate Resistance: $90.00
Key Resistance: $100.60
Trade Signal:
Entry Zone: $86.50 - $88.00
Target Levels ๐ฏ:
Target 1: $90.50 (Short-term resistance)
Target 2: $94.00 (Mid-term target with momentum gain)
Target 3: $100.00 (Key resistance breakout level)
Stop Loss: $83.00 (Below the strong support)
Trade Momentum:
Short-Term: Sideways to bullish if price sustains above $88.00.
Mid-Term: Reversal likely above $90. Breakout above $94 will confirm bullish momentum.
Strategy:
For scalpers, aim for Target 1 with tight SL.
For swing traders, hold for higher targets with trailing SL near $85.