Insights

$COMP Explosive Surge – Can Bulls Regain Momentum? 🚀 COMP saw a massive +33.51% surge, hitting a high of $79.99 before retracing to $51.71. Can buyers step in for another rally? Trade Setup 📈 Long Setup: Entry 1: $50.50 Entry 2: $48.00 Take Profit 1: $57.80 Take Profit 2: $61.00 Take Profit 3: $70.00 Stop Loss: Below $46.00 Why This Trade? ✅ Bollinger Band Expansion – COMP saw a massive price spike, signaling high volatility. ✅ Price holding mid-Bollinger band support at $43.97 – key level for buyers to step in. ✅ Strong volume on the breakout – suggests institutional interest. ✅ Retracement after a sharp pump – opportunity to enter at better levels. Key Levels to Watch 🔹 Support: $50.50 (Local support) → $43.97 (BB midline) 🔹 Resistance: $57.80 (Upper BB) → $61.00 (Breakout confirmation) Market Update for COMP/USDT 🔸 24h High: $79.99 🔸 24h Low: $37.95 🔸 Current Price: $51.71 (+33.51%) After a parabolic move , COMP is stabilizing. A strong bounce from support could trigger another breakout attempt above $60. 🔥 Pro Tip: If COMP reclaims $57.80, it could retest $70+ in the next leg up ! Watch for volume confirmation before entering. 🚀 #COMP