๐ COMP/USDT Trade View
The Compound ($COMP ) on the 15m chart recently reached $19.43 resistance and then pulled back to the $18.7 area. Price is currently moving sideways near the moving averages, showing a short consolidation phase after the rally.
The market is deciding the next direction while holding above the MA99 near $18.50, which is an important support.
๐ฅ Trade Idea
Entry: $18.55 โ $18.75
Take Profit:
TP1: $19.10
TP2: $19.45
TP3: $20.00
Stop Loss: $18.30
๐ Key Levels
Support: $18.50 โ $18.30
Resistance: $19.43
โก Breakout Scenario
If $19.45 breaks with volume, $COMP could move toward $20 โ $21.
โ ๏ธ If $18.30 breaks, price may revisit $17.80 support.