Hi Traders
Today we are analysing COMP/USDT (BINANCE) on 4-hour timeframe.
The price has been consolidating heavily around $40 support level, showing multiple rejections and signs of potential exhaustion.
I recommend waiting for a slight dip below this support zone ($40) to trap late sellers and look for a potential long entry.
If the pattern holds, we could see a strong bullish reversal targeting the resistance ($60) which offers a favourable risk-to-reward setup.
Keep an eye on price action for confirmation before entering.
Today we are analysing COMP/USDT (BINANCE) on 4-hour timeframe.
The price has been consolidating heavily around $40 support level, showing multiple rejections and signs of potential exhaustion.
I recommend waiting for a slight dip below this support zone ($40) to trap late sellers and look for a potential long entry.
If the pattern holds, we could see a strong bullish reversal targeting the resistance ($60) which offers a favourable risk-to-reward setup.
Keep an eye on price action for confirmation before entering.
Trade attivo
Dips are for buying now
💥 Free signals and ideas ➡ t.me/vfinvestment
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
💥 Free signals and ideas ➡ t.me/vfinvestment
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.