COMPUSDT was trading under the falling resistance on shorter time frame from last 1month.
The bulls has now broken price above the falling resistance.
The bulls need to hold the breakout zone.
One can long whole keeping SL below the support zone.
Manage your trades accordingly.
Hello guys ,Today i saw a Down Channel on COMP and i thought it will be a good setup.
The price will hit the local support soon.
open your position after you see a bullish candle.(wait,don't open your position fast !)
the target is between 43 and 45.5.(it's safe to close your position).
always pay attention to fundamental news.(it may ruin the position).
it's...
Trading Setup:
A Trading Signal is seen in the COMPUSDT COMP.
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 45.78
⭕️SL @ 43.06
🔵TP1 @ 53.27
🔵TP2 @ 59.10
🔵TP3 @ 70.87
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
If you liked our ideas, please...
BINANCE:COMPUSDT
Locally no signals to buy or sell for COMP but for middle term if you looking for next few month COMP can pump over 100%
✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it.
Thank you.
Possible Targets and explanation idea
➡️This fib still...
#COMP Descending Channel Formation in Higher timeframe Chart..!!
Major Trendline Resistance getting Weaker & Buying Volume Coming in, Expecting Breakout.
In Case of Upside Breakout, Expecting 2-3x Bullish Rally in the Midterm..
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments...
the price is testing the daily dynamic support at 46$ area where the price has a key level. Th market has a big liquidity on 34$ area
How to approach it?
The price could have a pullback until 0.618 - 0.786 Fibonacci Level, so According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red...
Trade setup: Trading in a Sideways Channel ($50-$70). Swing trader: can trade the channel (Enter near $50 support and Exit near $70 resistance).. (set a price alert). On August 30, Compound released version 3, which is a major upgrade to its lending DeFi protocol.
Trend: Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bearish (...
Hello, dear traders. how are you ? Today we have a setup to SELL/SHORT the COMP symbol.
For risk management, please don't forget stop loss and capital management
Hello friends, I hope you are doing well
We have experienced a fake breakout at the bottom of the channel and the price is expected to move towards the top of the triangle.
Entry point: 50
SL: 47
TP: 52.5
The price is creating a descending channel inside a main ascending channel on the daily timeframe.
Now the price is testing an important support at 53$
How to approach it?
IF the price is going to have a breakout and retest the current resistance as new support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure...
BINANCE
