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Compound (COMP) - June 15

BINANCE:COMPUSD   COMP
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(COMPUSD 1W Chart)
If the price holds above the 250.561321 point, it is expected to maintain an uptrend.

(1D chart)
We need to see if it can move above the 336.093037 point to find support.

To transition into an uptrend, it needs to rise above the 369.536000 point and find support.

If the 460.343872-490.764132 section does not turn upward, it is expected that the downtrend will continue, so careful trading is required.

If it goes down, we should see support at the 250.561321 point and see if we can move along the uptrend line.

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(COMPBTC 1W chart)
We need to see if we can break out of the downtrend line while maintaining the price in the 0.006573-0.011285 range.

To create a new wave, it must rise above the 0.013085 point.

If it falls below the 0.006573 point, it may take a long time to rise, so trade cautiously.

(1D chart)
We'll have to wait and see if we can move above the 0.008976 point.

If it goes down, you should check to see if it finds support at the 0.006526-0.007343 range.

To convert into an uptrend, it needs to rise above the 0.010745 point and find support.

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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
Disclaimer

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