COMPUSDT-SHORT IDEAComp/Usdt has taken the liquidity and of previous high and taped the recent order block looking good to short as showing weekness in the trend.
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COMP/USDT Price Analysis: $92 Resistance Looms! Will the BullishTechnical Analysis of COMP/USDT: Bullish Momentum with Potential Retracement
In this technical analysis of COMP/USDT, we will explore the current price action and trends of Compound (COMP) against Tether (USDT).
Overview:
COMP is currently trading at $66, representing a significant increase of 200% within a span of four weeks. The recent breakout confirmed on the weekly time frame suggests an overall bullish sentiment in the market, indicating potential upward movement. However, a retracement to around $46 may be expected before the next leg of upward momentum.
Bullish Scenario:
If COMP manages to surpass the recent high of $72, it could trigger an upward rally towards the strong resistance level at $92. This level should be closely monitored as a successful breakthrough might lead to further gains. It is essential to consider these resistance levels when evaluating potential price targets.
Resistance Levels:
$92
$174
$365
Support Level:
The anticipated retracement could find support around the $46 mark. This level might provide a buying opportunity for investors looking to enter the market or add to their positions. However, it is crucial to exercise caution and wait for confirmation signals before making any investment decisions.
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COMPUSDTCOMPUSDT has formed double top patter while bullish momentum is fading out. will the bears attack this reversal pattern and push the price to lower side.
#COMP/USDT is looking good for Short in 4-Hour TF!NYSE:COMP Wait for PDH or PWH retest to open Short position. Wait for CPI data to open new position.
compIf we want to check based on Vaykoff's analytical method, this area is very important, in case of an upward break, one can witness a corrective movement in one of the three red lines, and in the B area, entry for higher goals can be expected.
SELL SIGNALThe information I share on this platform is based on my personal opinion and experience, and should not be considered as financial advice. You are responsible for your own investment decisions and should always do your own research before making any trades. I do not guarantee the accuracy or validity of any data or analysis I provide. Please use your own judgement and caution when following any call or signal I post. #imo
NOTE:
25% PROFITS AT EVERRY FIBONACCI RETRACEMENT LEVEL.
USE ISOLATED (FOR CRYPTO EXCHANGE)
USE CAPITAL RATIO (5 - 10 % OF YOUR CAPITAL)
DONT FOMO (FEAR OF MISSING OUT)
If you want to trade crypto successfully, you need to follow some basic rules. One of them is to use isolated margin for your trades. This means that you only risk a fixed amount of your capital for each trade, and you don't borrow more than you can afford to lose. This way, you can avoid liquidation and protect your account balance.
Another rule is to trust the process. Trading is not a get-rich-quick scheme, but a long-term game that requires patience and discipline. You need to have a trading plan and stick to it, regardless of the market fluctuations. Don't let your emotions get the best of you and don't chase unrealistic profits.
A third rule is to use capital ratio for your trades. This means that you divide your capital by 10 and use only one-tenth of it for each trade. This will help you diversify your portfolio and reduce your risk exposure. You can also adjust your position size according to the market conditions and your risk appetite.
Finally, a fourth rule is to avoid FOMO (fear of missing out). This is a common psychological trap that makes traders enter or exit trades based on hype or panic, rather than logic or analysis. FOMO can lead to overtrading, poor decision making, and unnecessary losses. You need to be confident in your own strategy and not follow the crowd blindly.
By following these four rules, you can improve your chances of success in crypto trading and enjoy the benefits of capital ratio.
Comp crash at heavy resistance?I would recommend shorting carefully if you choose to. Analysis in a moment clear rejection for now
CompIt has entered the weekly resistance range, which if it cannot be crossed, it can correct until the green points, and if it is crossed, the red lines are important resistances.
Comp Pig PUMP Coming Looks like BCH BINANCE:COMPUSDT
Comp Pig PUMP Coming Looks like BCH
Another attempt to break the range high here.
comp buy long Entry: 71.51
Profit: 220.91 (208.92%)
Stop: 51.14 (28.49%)
hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
COMPUSDT.PIt`s almost time for another LONG entry .
We wait for the system to give us an entry signal.
COMPUSDT at monthly resist, likely to head to monthly supportThe price has hit the confluence of monthly, weekly and daily resistance. This level has pushed the price several times down. Would this time be different? It is possible that this time is different as resistances are meant to be broken when the price rallies. However, the system says, the probability favors a short here towards the monthly and weekly support. I case it breaks the resistance and trades above for a while, then a long will become favorable.
COMP/USDT(Eying for another BULL rally?!!)In recent days, #COMP has gained over 100% and now holding its crusial support zone indicated by the GREEN covered area of 52.65-57.9. If BTC stays positive we can expect that it will hold this major area and will eye for another big RALLY. In that case, there is a high chance that we would see the price to 99.21-103 range where a major RESISTANCE zone occurs.
The GREEN and RED covered areas are MAJOR SUPPORT & RESISTANCE ranges.
The GRREN and RED lines are SUPPORT & RESISTANCE ZONES.
BE PATIENT
BE SAFE
HIGH RISK - BUY SETUPThe information I share on this platform is based on my personal opinion and experience, and should not be considered as financial advice. You are responsible for your own investment decisions and should always do your own research before making any trades. I do not guarantee the accuracy or validity of any data or analysis I provide. Please use your own judgement and caution when following any call or signal I post. #imo
NOTE:
25% PROFITS AT EVERRY FIBONACCI RETRACEMENT LEVEL.
USE ISOLATED (FOR CRYPTO EXCHANGE)
USE CAPITAL RATIO (5 - 10 % OF YOUR CAPITAL)
DONT FOMO (FEAR OF MISSING OUT)
If you want to trade crypto successfully, you need to follow some basic rules. One of them is to use isolated margin for your trades. This means that you only risk a fixed amount of your capital for each trade, and you don't borrow more than you can afford to lose. This way, you can avoid liquidation and protect your account balance.
Another rule is to trust the process. Trading is not a get-rich-quick scheme, but a long-term game that requires patience and discipline. You need to have a trading plan and stick to it, regardless of the market fluctuations. Don't let your emotions get the best of you and don't chase unrealistic profits.
A third rule is to use capital ratio for your trades. This means that you divide your capital by 10 and use only one-tenth of it for each trade. This will help you diversify your portfolio and reduce your risk exposure. You can also adjust your position size according to the market conditions and your risk appetite.
Finally, a fourth rule is to avoid FOMO (fear of missing out). This is a common psychological trap that makes traders enter or exit trades based on hype or panic, rather than logic or analysis. FOMO can lead to overtrading, poor decision making, and unnecessary losses. You need to be confident in your own strategy and not follow the crowd blindly.
By following these four rules, you can improve your chances of success in crypto trading and enjoy the benefits of capital ratio.
SELLThe information I share on this platform is based on my personal opinion and experience, and should not be considered as financial advice. You are responsible for your own investment decisions and should always do your own research before making any trades. I do not guarantee the accuracy or validity of any data or analysis I provide. Please use your own judgement and caution when following any call or signal I post. #imo
NOTE:
25% PROFITS AT EVERRY FIBONACCI RETRACEMENT LEVEL.
USE ISOLATED (FOR CRYPTO EXCHANGE)
USE CAPITAL RATIO (5 - 10 % OF YOUR CAPITAL)
DONT FOMO (FEAR OF MISSING OUT)
If you want to trade crypto successfully, you need to follow some basic rules. One of them is to use isolated margin for your trades. This means that you only risk a fixed amount of your capital for each trade, and you don't borrow more than you can afford to lose. This way, you can avoid liquidation and protect your account balance.
Another rule is to trust the process. Trading is not a get-rich-quick scheme, but a long-term game that requires patience and discipline. You need to have a trading plan and stick to it, regardless of the market fluctuations. Don't let your emotions get the best of you and don't chase unrealistic profits.
A third rule is to use capital ratio for your trades. This means that you divide your capital by 10 and use only one-tenth of it for each trade. This will help you diversify your portfolio and reduce your risk exposure. You can also adjust your position size according to the market conditions and your risk appetite.
Finally, a fourth rule is to avoid FOMO (fear of missing out). This is a common psychological trap that makes traders enter or exit trades based on hype or panic, rather than logic or analysis. FOMO can lead to overtrading, poor decision making, and unnecessary losses. You need to be confident in your own strategy and not follow the crowd blindly.
By following these four rules, you can improve your chances of success in crypto trading and enjoy the benefits of capital ratio.
COMPUSDTHello, this is a short-term analysis for buying
If approved, you can keep up to the ceiling of Asia, if not approved, the market will collapse
compusdt long compusdt has been in a up trend since the 24 of June creating a series of higher highs and higher lows
We are currently sitting on a higher LOW at $61 so I see a rise in price till the next higher high at $78
COMPUSDT new leg up?On the daily timeframe, the price of COMPUSDT broke out from a substantial falling wedge pattern, signaling a potentially bullish trend reversal.
The falling wedge pattern is characterized by a series of lower highs and lower lows, gradually converging towards a point of apex. This wedge-shaped consolidation pattern typically suggests that sellers are losing momentum, while buyers are gaining strength. The breakout from this pattern indicates a shift in market sentiment, with buyers taking control and potentially driving the price higher.
As the breakout occurred, it is expected that COMPUSDT would seek new liquidity levels. In line with Plancton's rules,, the price may exhibit a tendency to retest key Fibonacci retracement levels. In particular, the 0.618 Fibonacci level, also known as the golden ratio, is often considered significant as it represents a retracement of approximately 61.8% of the previous upward move.
Holding the 0.618 Fibonacci level suggests that there is a higher probability of the price continuing its upward momentum, as it indicates a strong level of support and a potential accumulation of buy orders in that area. This level can act as a strategic entry point for new long positions, as per Plancton's rules.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
COMP try to make breakoutCOMP / USDT
Multiple touching for the same trendline
(this is the 5th one) which make resistance weaker
Valid breakout here and it can be sent much higher
Monitor price action and buy after breakout
Best wishes
