Compound (COMP): Looking For 4th Attempt To Break The Support

The Compound coin caught our attention. Where Price has been making multiple attempts to break that local support zone while getting rejected from the upper zones.

The last rejection happened at 200 EMA, and ever since price has been moving steadily to lower zones, pressuring also that support zone right there.

We are looking for a full-scale breakdown to happen, which should result in a movement toward major support near $25.

Swallow Team