$COMP SHORT SETUP IS ACTIVE
$COMP is struggling to reclaim the $17.40–$17.80 resistance area after the recent sharp move higher. Sellers are stepping in around this zone, and a rejection could open the door for another leg lower.
Trading Plan: SHORT $COMP
Entry: Above $17.40–$17.80
TP1: $17.00
TP2: $16.70
TP3: $16.50
SL: Above $18.00
Watch the reaction around the entry zone carefully. If resistance continues to hold and selling pressure increases, the downside targets could come into focus.
Manage your position size and risk properly, and consider securing partial profits as targets are reached.
DYOR (Do Your Own Research).
$COMP is struggling to reclaim the $17.40–$17.80 resistance area after the recent sharp move higher. Sellers are stepping in around this zone, and a rejection could open the door for another leg lower.
Trading Plan: SHORT $COMP
Entry: Above $17.40–$17.80
TP1: $17.00
TP2: $16.70
TP3: $16.50
SL: Above $18.00
Watch the reaction around the entry zone carefully. If resistance continues to hold and selling pressure increases, the downside targets could come into focus.
Manage your position size and risk properly, and consider securing partial profits as targets are reached.
DYOR (Do Your Own Research).