Hello, Traders!
After the dump, the price of COMP returned to the active trading range of $89.83 - $99.22.
The price has now entered an uptrend after collecting the liquidity of buyers.
The price is supported by the MA100 on 4H timeframe.
A low-risk trade can be considered after the price is fixed above $99.22 after its retest.
The targets will be at $110 - $117 - $125 - $147 levels.
SL can be set at $93.
In this scenario, you get a trade with the potential profit of up to +48% with a stoploss at the level of -5% with the risk-reward ratio being more than 9!
Watch out for the market and good luck!
Please share your thoughts on the setup in the comments below
P.S. This is not investment advice, just a trade I would be following myself
After the dump, the price of COMP returned to the active trading range of $89.83 - $99.22.
The price has now entered an uptrend after collecting the liquidity of buyers.
The price is supported by the MA100 on 4H timeframe.
A low-risk trade can be considered after the price is fixed above $99.22 after its retest.
The targets will be at $110 - $117 - $125 - $147 levels.
SL can be set at $93.
In this scenario, you get a trade with the potential profit of up to +48% with a stoploss at the level of -5% with the risk-reward ratio being more than 9!
Watch out for the market and good luck!
Please share your thoughts on the setup in the comments below
P.S. This is not investment advice, just a trade I would be following myself
