$COMP /USDT Trading Signal - Bullish Recovery Underway
Current Price: $74.60 (+6.04%)
Key Metrics:
24H High: $77.83
24H Low: $69.03
Market Overview:
COMP has rebounded from a low of $69.03, breaking above the 7-day and 25-day moving averages, indicating a bullish momentum. However, the price is encountering resistance near $77.83, and any breakout above this level could lead to further upside.
Key Levels:
Resistance: $75.50 | $77.00
Support: $73.00 | $71.50
Analysis:
The 7-day MA is acting as dynamic support. The 99-day MA at $76.36 remains a key hurdle to confirm a sustained bullish breakout. A rejection at this level could trigger a pullback.
Trade Idea:
Entry Zone: $73.50 - $75.00
Targets: $76.50 | $78.00
Stop-Loss: $72.50
Observation:
The RSI is moving into bullish territory, suggesting a potential continuation. Watch for volume confirmation near $76.36 for a breakout trade.