COMPUSDT,🟢Is it time to buy?🟢 (Details on Caption)
Well, as you can see the market structure shifted after collecting the liquidity and had a massive bullish move, then the price had a deep retracement to the bullish order block and rose again.
Now, in my perspective, the price can move higher if the first demand zone (57.40-61.58) holds the price and in addition, the price can close the daily candle above 70.70, in this scenario the targets are 79.70 and 85.90, we can define the bearish breaker as our last target.
Alternative scenario: if the demand zone fails to support the price, the price can see lower prices, in this scenario the liquidity pool formed as an equal low at 44.80 can be our target.
What you should know: Compound is a decentralized, blockchain-based protocol that allows you to lend and borrow crypto — and have a say in its governance with its native COMP token.
💡Wait for the update!
🗓️24/02/2024
🔎 DYOR
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