Pair: $COMP /USDT
Timeframe: 4H
Bias: Long (Counter-trend Scalp / Mean Reversion)
Market Structure:
The 4H structure is currently in a heavy bearish distribution phase following a massive deviation and sell-off from the 29.30 high. Price has aggressively displaced downward, leaving multiple unmitigated bearish Fair Value Gaps (FVGs) and supply zones above. However, after a significant markdown, price has swept sell-side liquidity at the 18.87 low and is now transitioning into a local consolidation/accumulation range. We are currently seeing a minor CHOCH (Change of Character) to the upside within this range, printing higher lows.
Entry Zone:
· 19.80 - 19.95 (Current market price area, anticipating a minor retracement to clear local intraday longs before continuation up).
Stop Loss:
· 18.65 (Strictly below the recent swing low / liquidity sweep at 18.87. This invalidates the local accumulation thesis and confirms a continuation of the macro downtrend).
Take Profit Targets:
· TP1: 20.64 (Local range high / immediate resistance)
· TP2: 21.80 (Unmitigated bearish FVG / premium array of the recent leg down)
· TP3: 22.94 (Major structural resistance and higher timeframe supply)
Risk Reward: Approximate 1:3 RR (to TP2)
Timeframe: 4H
Bias: Long (Counter-trend Scalp / Mean Reversion)
Market Structure:
The 4H structure is currently in a heavy bearish distribution phase following a massive deviation and sell-off from the 29.30 high. Price has aggressively displaced downward, leaving multiple unmitigated bearish Fair Value Gaps (FVGs) and supply zones above. However, after a significant markdown, price has swept sell-side liquidity at the 18.87 low and is now transitioning into a local consolidation/accumulation range. We are currently seeing a minor CHOCH (Change of Character) to the upside within this range, printing higher lows.
Entry Zone:
· 19.80 - 19.95 (Current market price area, anticipating a minor retracement to clear local intraday longs before continuation up).
Stop Loss:
· 18.65 (Strictly below the recent swing low / liquidity sweep at 18.87. This invalidates the local accumulation thesis and confirms a continuation of the macro downtrend).
Take Profit Targets:
· TP1: 20.64 (Local range high / immediate resistance)
· TP2: 21.80 (Unmitigated bearish FVG / premium array of the recent leg down)
· TP3: 22.94 (Major structural resistance and higher timeframe supply)
Risk Reward: Approximate 1:3 RR (to TP2)
