$COMP /USDT Under Pressure: A Potential Rebound Opportunity
$COMP /USDT is currently trading at $113.11, showing a solid 28.90% gain over the past 24 hours despite a pullback from its 24-hour high of $144.00. The price has tested a low of $110.27, finding temporary support after a sharp decline from its peak. With the RSI dipping to 29.83 on the 15-minute chart, the asset has entered oversold territory, suggesting that a rebound could be on the horizon. The MACD remains bearish, reflecting continued selling pressure, but signs of stabilization are emerging.
For traders, a long entry near $113.00 could be a calculated move, targeting a potential bounce back toward $120.00 (TP1), $125.00 (TP2), and $133.00 (TP3). To limit downside risks, a stop loss at $108.00 is recommended. As COMP consolidates, keep an eye on volume spikes and momentum shifts, which could signal the start of a recovery. This setup offers a strategic opportunity to capture gains if buyers regain control!
