🚨 $COMP Short Liquidation Alert! 🚨

A major $6,522.1 was liquidated at $86.82, signaling that the bears are losing control! With the price showing bullish potential, could $COMP be preparing for a breakout? Let’s break down the details and get ready for the next move!

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🔥 What’s Happening with $COMP?

Market Impact: The short liquidation shows that the market sentiment is shifting. As bearish positions are closed, buying pressure is rising, making $COMP a potential candidate for a strong move to the upside.

Current Price Action: COMP is hovering around $86.82. The next few moves will be crucial to determine if it can push higher or face resistance at key levels.

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🔍 Key Levels to Watch

Buy Zone: $85.50 - $87.00

This range provides a solid support zone. If COMP shows signs of strength and holds above these levels, it could be a great entry point.

Target Levels:

Short-Term: $90.00 (immediate resistance)

Mid-Term: $95.00 (strong breakout area)

Long-Term: $100.00 (if bullish momentum persists)

Stop Loss: $83.00

Set your stop-loss just below the support zone to limit potential downside risk if the price doesn’t hold.

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📈 Strategy Overview

1. Entry Plan: Enter between $85.50-$87.00 if COMP shows strength and confirms a bullish move with strong volume.

2. Breakout Watch: Watch for a move above $90.00. If this resistance level breaks, COMP could rally towards $95.00 or even $100.

3. Risk Management: Place your stop-loss at $83.00 to minimize potential losses in case the price pulls back.

Short liquidations can trigger fast price movements, so it’s important to wait for confirmation before making a larger trade. Watch for volume and candlestick patterns to confirm the trend.

This is not financial advice. Always do your own research and trade responsibly.

How are you approaching $COMP? Are you looking to enter, or waiting for more confirmation? Let us know your strategy! 🚀

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