$COMP looks weak on the 1H right now 👀
The chart has shifted bearish after losing the 20.2 area, and price is now trading below the Supertrend at 20.33. The lower highs and steady selling also keep the short side cleaner for now.
I wouldn’t chase the drop here. A small relief bounce into resistance would give a much cleaner setup.
Entry: 19.55 to 19.80
SL: 20.35
TP1: 19.20
TP2: 19.05
TP3: 18.70
The 19.20 zone is the first important support. If that gives way with a solid 1H close, the downside could open further.
For the bearish setup to weaken, I’d want to see price reclaim 20.33 and hold above it.
Bias: Bearish below 20.33
Key resistance: 20.20 to 20.33
Key support: 19.20
Right now, the chart favors patience and a confirmed setup rather than forcing an entry.
Clean levels, clear invalidation. That’s the game. 📉
Not financial advice. Manage your risk.
#COMP
The chart has shifted bearish after losing the 20.2 area, and price is now trading below the Supertrend at 20.33. The lower highs and steady selling also keep the short side cleaner for now.
I wouldn’t chase the drop here. A small relief bounce into resistance would give a much cleaner setup.
Entry: 19.55 to 19.80
SL: 20.35
TP1: 19.20
TP2: 19.05
TP3: 18.70
The 19.20 zone is the first important support. If that gives way with a solid 1H close, the downside could open further.
For the bearish setup to weaken, I’d want to see price reclaim 20.33 and hold above it.
Bias: Bearish below 20.33
Key resistance: 20.20 to 20.33
Key support: 19.20
Right now, the chart favors patience and a confirmed setup rather than forcing an entry.
Clean levels, clear invalidation. That’s the game. 📉
Not financial advice. Manage your risk.
#COMP
