Is COMPUSDT Primed for a 50% Rally or a Bearish Plunge?

١٨ يوليو

Yello! Are you keeping an eye on #COMPUSDT’s latest breakout? Let's break it down and see what’s next!

💎#COMPUSDT has recently broken out of a falling wedge, a bullish signal supported by the 50EMA and increasing trading volume. The asset is currently retesting this breakout.

💎The upper trendline of the wedge is now acting as support for COMP. If this retest is successful, the probability of a 40-50% bullish rally is very high.

💎However, what if the retest isn’t successful? There is a major support level at $44-$47. This zone is packed with liquidity and has historically pushed the price upward. If #COMP retests this area, it could provide a strong rebound.

💎If the $44-$47 zone fails, the next key level is $40.62. This support needs to hold to maintain the bullish outlook.

💎If #COMPUSDT continues to fall below these levels, the bullish scenario will be invalidated, leading to a deeper bearish trend.

Always be prepared for all market outcomes and maintain disciplined trading strategies.

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