Hi friends as we see that COMP is bouncing in an uptrend Channel that it also coincides with the important support level of $40.24.
I think that it can be supported from this level and if it breaks below the channel it could have a momentum short squeeze that may fake out the channel and get back into it. and keep bulls idea alive.
I think that it can be supported from this level and if it breaks below the channel it could have a momentum short squeeze that may fake out the channel and get back into it. and keep bulls idea alive.
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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.