Bears are in control of COMP price action (8H)

Apr 24

Price has reacted to a supply zone and then broke below the bullish trendline to the downside. We also have a bearish ICH structure on the chart, and the candle that touched the supply was rejected immediately with a wick. Based on this, it is expected that COMP may move toward lower levels.

Two clear entry points have been marked for DCA entries.

Targets are marked on the chart, and at the first target you should move to break even.
A daily candle close above the invalidation level will invalidate this analysis.
invalidation level: 27.10$

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What is your opinion about COMP?

Apr 26

Trade active

It dropped more than 7% from the specified range, and the first target was hit.