COMP: Triangle Time - BREAKOUT INCOMING? ๐
#COMP is caught in a tightening triangle pattern, hinting at a potential breakout in the near future. However, waiting for a confirmed breakout above resistance or below support is crucial before entering new positions for $COMP .
Here's the Technical lowdown:๐ค
Support: $53.00-$53.50
Resistance: $58.00-$60.00
A breakout above resistance could signal #Bullish gains, while a break below support could indicate a price drop.๐ป
What are Your Thoughts on this???