$COMP
USDT BULLISH BREAKOUT SETUP EYES HIGHER LEVELS
The chart structure shows a strong recovery from the recent low zone, with price forming higher lows and maintaining upward momentum on lower timeframes. A steady increase in volume supports bullish continuation, indicating accumulation rather than exhaustion. The resistance near the recent high is being tested repeatedly, suggesting weakening sell pressure and a potential breakout.
Market Bias: Bullish
Entry Plan (Long):
Enter on a confirmed breakout above the resistance zone or a slight pullback holding above support.
Targets (TP):
TP1: 23.80
TP2: 24.50
TP3: 25.20
Stop Loss (SL):
Below 22.40
Key Levels:
Support: 22.50 – 22.00
Resistance: 23.40 – 23.80
Volume expansion alongside price stability suggests buyers are in control. If resistance flips into support, continuation toward higher targets becomes highly probable.
Risk Management:
Risk only 1–2% of capital per trade, avoid overleveraging, and adjust stop loss to breakeven after hitting the first target.
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