Still monitoring $COMP on the 15m timeframe.
The price is clearly above the EMA200, Supertrend is still green, and ADX is strong around 37. MACD momentum is also still supportive. There is a demand zone that is still being held quite solidly, plus an EXTENDED setup that looks pretty clean.
Entry around 21
SL 20.537
TP 21.845
RR 1:1.5
Volume had a brief rise on the last bullish candle. If it can break the previous high with more convincing volume, the chance to continue upward is still open. But don’t forget, this is still extended, so don’t be too aggressive. Risk management remains number one.
Check the real-time price on Binance first before entering.
The price is clearly above the EMA200, Supertrend is still green, and ADX is strong around 37. MACD momentum is also still supportive. There is a demand zone that is still being held quite solidly, plus an EXTENDED setup that looks pretty clean.
Entry around 21
SL 20.537
TP 21.845
RR 1:1.5
Volume had a brief rise on the last bullish candle. If it can break the previous high with more convincing volume, the chance to continue upward is still open. But don’t forget, this is still extended, so don’t be too aggressive. Risk management remains number one.
Check the real-time price on Binance first before entering.
