$COMP Long Liquidation $7.5978K at $21.37
Longs just got flushed at 21.37, forcing over $7.5K in sell orders and pushing COMP lower. When long positions are liquidated, it usually adds short term downside pressure because those exits hit the market instantly.
If COMP stays below 21.4 and continues forming lower highs, we could see continuation toward the next support zone. Strong red candles with steady volume would confirm sellers are in control.
But if price quickly reclaims 21.6 and holds above it, this could turn into a liquidity sweep and trigger a short term bounce.
Right now momentum leans bearish, but patience and confirmation matter more than reacting to the first drop.
COMP
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