Coin $COMP and crucial technical moves on the 4-hour chart! ๐
โ๐ After a secondary downwave that started from the $16.45 peak, we notice that coin $COMP has begun showing promising signs of a positive rebound from a solid base formed at the $14.96 levels, with the price now trading at $15.45.
โ๐ Key levels to watch:
๐ข Critical support (safety): $14.96 (a strong rebound point that held successfully).
๐ก Main resistance: $15.63 (MA25 average). A breakout above it opens the door for a continuation of the uptrend toward $15.91, then $16.45.
โ๐ฅ The price is currently trading above the MA(7) average, reflecting a good accumulation attempt to build new bullish momentum.
โ๐ Share your thoughts in the comments: Do you see the $15 levels as a suitable accumulation opportunity, or do you expect the bears to return and break the low?
โ๐ After a secondary downwave that started from the $16.45 peak, we notice that coin $COMP has begun showing promising signs of a positive rebound from a solid base formed at the $14.96 levels, with the price now trading at $15.45.
โ๐ Key levels to watch:
๐ข Critical support (safety): $14.96 (a strong rebound point that held successfully).
๐ก Main resistance: $15.63 (MA25 average). A breakout above it opens the door for a continuation of the uptrend toward $15.91, then $16.45.
โ๐ฅ The price is currently trading above the MA(7) average, reflecting a good accumulation attempt to build new bullish momentum.
โ๐ Share your thoughts in the comments: Do you see the $15 levels as a suitable accumulation opportunity, or do you expect the bears to return and break the low?