$COMP /USDT – Technical Trade Analysis (Binance)

Based on your shared data | Intraday → Swing bias

📊 Market Snapshot

Current Price: 29.79

24H High / Low: 34.97 / 28.26

Trend Context: DeFi sector, post-pullback from local high

Vol (USDT): 23.03M → healthy liquidity

🔍 Technical Structure

Trend:

Short-term corrective pullback after rejection near 34.9

Price holding above key intraday demand → not a breakdown yet

Support Zones:

29.20 – 29.00 (minor intraday support)

28.40 – 28.20 (strong demand / 24h low area)

Resistance Zones:

30.80 – 31.00 (immediate supply)

32.50 – 33.20 (next major resistance)

34.80 – 35.00 (swing high)

📈 Indicator Bias (from layout shown)

EMA / MA: Price hovering near short EMAs → decision zone

Bollinger Bands: Likely contracted after pullback → volatility expansion coming

SAR: Flipping zone → confirms consolidation

Volume: No panic sell volume → pullback looks technical, not distribution

🟢 Trade Scenarios

LONG Setup (Preferred if market holds support)

Entry: 29.20 – 29.60

Stop Loss: 28.10

Targets:

🎯 TP1: 30.80

🎯 TP2: 32.50

🎯 TP3: 34.80

RR: ~1:2.5+

➡️ Valid only if BTC stays stable.

🔴 SHORT Setup (Only on breakdown)

Trigger: Strong close below 28.10 (1H)

Targets:

27.20

26.00

Stop: 29.10

🧠 Summary

$COMP is consolidating after a healthy pullback

Bias remains bullish above 28.20

Best trades come from support reaction, not mid-range entries

If you want, I can:

Give a scalp setup (15m)

Convert this into a perpetual leverage plan

Or align it with BTC dominance & market sentiment

Just tell me 👍

$COMP

COMP

29.12

-3.25%