kg_sol

Compound breakout any day

Long
BINANCE:COMPUSD   COMP
Compound is on the verge of a breakout any day now. It has been consolidating since May 2021 so this next move will probably be something for the history books. There is definitely a lot of resistance overhead so this should be a very tradable altcoin with clear take profit and reentry positions. I've laid out some basic places to potentially take some profit or enter a position. However if you're less of a trader, you could just HODL until we're back near all time highs or making new highs if that occurs. Compound along with other blue chip defi projects like Maker and Aave are all incredibly undervalued right now and I wouldnt be surprised to see another 10x on them at some point this year. Good luck!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.