COMP has been moving in a downtrend for a long time. However, it is worth noting that recently there was a big drop and many liquidations, there is a huge volume at the bottom, which is a good signal. It is also worth noting that a trend line has been formed on the chart and the price is moving towards it. In case of a contraction and breakdown of the trend line, there could be a good buying opportunity.
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P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.