COMPUSDT,🟢Is it time to buy?🟢 (Details on Caption)
Updated
Well, as you can see the market structure shifted after collecting the liquidity and had a massive bullish move, then the price had a deep retracement to the bullish order block and rose again.
Now, in my perspective, the price can move higher if the first demand zone (57.40-61.58) holds the price and in addition, the price can close the daily candle above 70.70, in this scenario the targets are 79.70 and 85.90, we can define the bearish breaker as our last target.
Alternative scenario: if the demand zone fails to support the price, the price can see lower prices, in this scenario the liquidity pool formed as an equal low at 44.80 can be our target.
What you should know: Compound is a decentralized, blockchain-based protocol that allows you to lend and borrow crypto — and have a say in its governance with its native COMP token.
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🗓️24/02/2024
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Trade closed: target reached
As you can see the price has risen 34% so far and took the buy-side liquidity.Tp1 and Tp2 hit (79.70 and 85.90).
Trade closed: target reached
Well, the price hit our 3rd TP which was the bearish breaker block.Result: More than 50%
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