Brothers, I am Zhou Yi. Today's COMP performance is even more exciting than a TV drama— a16z suddenly dumped 7.6 million dollars worth of COMP, and the whole internet is in mourning. But I tell you: this is very likely the last panic wash before the market starts!
News: Bad news has been fully released, hidden opportunities are emerging
Two hours ago, a16z moved 276,000 COMP to Coinbase Prime, clearly preparing to sell. What does this indicate?—Either they are extremely bearish on COMP, or they believe COMP has already dropped to its lowest point and are simply reallocating to seek profits elsewhere.
There is an old saying in the crypto circle: 'Institutions sell before dawn.' When everyone sees the bad news, it often has already been fully digested. I view this transfer as the release of the last wave of panic selling.
Technical aspect: A solid bottom is emerging, and a rebound is imminent.
Looking at the hourly chart, the support level of 25.03 is unbreakable. Today, the price has only dropped to around 27, not even touching 26. The key level of 26.79, once stabilized, will bring the pressure level of 30.73 into sight. Currently, the price is consolidating around 27 with reduced volume, clearly indicating a signal of exhausted selling pressure and accumulated buying momentum. From a technical perspective, a small double bottom structure has formed here; as long as it does not break 25, all declines are just traps for shorting.
Zhou Yi's view: COMP, I am bullish, and I am ready to take action!
When others panic, I am greedy. a16z's liquidation does not mean COMP has no future; rather, it indicates that old funds are exiting, and new opportunities are brewing. The current price is close to support, with a very high risk-reward ratio. My strategy is very simple:
At the current price near 27, positions can be built in batches.
Set the stop loss just below 25.
Increase positions upon breaking 26.79, targeting directly above 30.
If even this kind of obvious negative news cannot cause a drop, then as soon as some positive news comes or the market warms up, COMP is very likely to experience a strong rebound. Remember, opportunities to make money always appear when most people are afraid to take action.
I am Zhou Yi, neither a die-hard bull nor a die-hard bear, just a rider who acts at the right moment. COMP, I have loaded my bullets, waiting for you to take off.
The market always has opportunities; the key is to operate calmly. Zhou Yi will continuously help everyone keep an eye on on-chain dynamics, and we will move forward steadily together! Follow Zhou Yi and participate in every attack of the Zhou Yi villagers! Zhou Yi will announce the specific entry time and real-time news every day in the village!#巨鲸动向 $COMP
