Is COMPUSDT Heading for a Breakout and make massive move?

16 agoYello, Paradisers! Could #COMP be setting up for a massive move? Let’s dive in.

💎#COMPUSDT is showing signs of a significant rebound from a strong support level, with the current price facing resistance at $45. However, a retest of the support at $40.23 could be on the horizon as COMP builds momentum for another breakout attempt.

💎For the bullish trend to continue, it’s crucial that COMP breaks through the $45 resistance level, which would then open the path to our first target in the Bearish Order Block (OB) area of $51-$54. A successful break above this zone could trigger a significant upward move, making it easier to hit our final target in the strong resistance area.

💎On the flip side, the bearish scenario could play out if COMP fails to bounce from the $40.23 support and breaks down further. In this case, the price is likely to retest the strong support area below. Historically, COMP has shown the ability to rebound significantly from such strong support levels, often resuming its upward trajectory.

💎However, the bullish outlook would be invalidated if the daily candle closes below this strong support area. If this occurs, it would confirm a downward continuation, potentially leading to a deeper dip.

Discipline and patience will be key in navigating this market.

MyCryptoParadise
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