$COMP major recovery cycle — bulls eye the breakout!
$COMP has reached a pivotal inflection point, currently trading at $20.11 after successfully defending a long-term structural floor. Following a period of intense selling pressure that saw the asset bottom out near $15.21, the market is now flashing a high-conviction "Golden Cross" on lower timeframes as buyers aggressively absorb the $20.00 level. The next expected move is a vertical expansion toward the $26.00 supply zone, provided bulls can flip the immediate $21.24 resistance into support.
⚡ Trade Setup
Entry Zone: $19.60 – $20.20
Take Profit 1: $23.40
Take Profit 2: $26.00
Take Profit 3: $28.00
Stop Loss: $18.30
Short Market Outlook
Momentum is shifting rapidly toward the bulls, with $COMP seeing a +4.23% recovery from its recent local lows. While the asset remains in a broader macro downtrend, the daily RSI is climbing out of oversold territory, and an abnormal increase in executed volume suggests institutional accumulation is underway. Watch the $19.69 support level closely; as long as the price maintains a daily close above this line, the path of least resistance remains skewed to the upside. Key resistance clusters are now forming at $21.14 and $22.19.
Buy and trade here on $COMP
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