COMP/USDT Breaks Below Key MA60 Support at 18.57; Volume Collapse Signals Heavy Selling
Signal: Strong Bearish
Entry Zone (Short): 18.30 - 18.50
Stop Loss (SL): 19.00
Take Profit Targets (TP):
TP1: 17.50
TP2: 16.50
TP3: 15.50
Reasoning:
Price ($18.56) has decisively broken below the critical MA60 support level (18.57) with a -7.29% drop.
Volume (6.723K) has collapsed far below recent averages (MA5: 25.258K), indicating a severe lack of buying interest and capitulation selling.
As a major DeFi token, this breakdown suggests broad weakness in the sector.
$COMP #COMPUSDT #Bearish #DeFi #TradingAlert #BukhariTech