COMP/USDT : Moving into a pennant
COMPUSDTHello everyone 😃
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COMP is moving into a bullish pennant and so, As you know bullish pennant target is calculated by the flag's pole. Currently, We didn't experience the breakout yet and it has caused two scenarios for us :
- Take Long at the bottom of the pennant with an SL at $41 as active stop-loss on 4H TF.
- Take Long after a proper break above the marked resistance zone at $50.68.
The minimum target of the pennant is located at $70.10!
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Helical_Trades
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