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.
İşlem aktif
Dips are for buying now
💥 Free signals and ideas ➡ t.me/vfinvestment
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
💥 Free signals and ideas ➡ t.me/vfinvestment
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.