COMPUSDT has remained below the 17.52 resistance level for the past 21 days. A confirmed breakout above this zone could trigger a strong bullish move.
Despite Bitcoin's recent market conditions, COMP has shown notable resilience and has not experienced any significant bearish reaction. On the 4-hour timeframe, the price is forming a series of higher lows while maintaining equal highs, creating an ascending triangle pattern. This structure reflects increasing buying pressure, and a confirmed breakout above 17.52 could pave the way for further upside.
As always, wait for a confirmed breakout and manage your risk accordingly.
Despite Bitcoin's recent market conditions, COMP has shown notable resilience and has not experienced any significant bearish reaction. On the 4-hour timeframe, the price is forming a series of higher lows while maintaining equal highs, creating an ascending triangle pattern. This structure reflects increasing buying pressure, and a confirmed breakout above 17.52 could pave the way for further upside.
As always, wait for a confirmed breakout and manage your risk accordingly.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.