COMPUSDT
COMPUSDT - Buy buyPrecondition:
Global trend down
Local trend up
What Is Compound (COMP)?
Compound is a DeFi lending protocol that allows users to earn interest on their cryptocurrencies by depositing them into one of several pools supported by the platform.
When a user deposits tokens to a Compound pool, they receive cTokens in return. These cTokens represent the individual’s stake in the pool and can be used to redeem the underlying cryptocurrency initially deposited into the pool at any time. For example, by depositing ETH into a pool, you will receive cETH in return. Over time, the exchange rate of these cTokens to the underlying asset increases, which means you can redeem them for more of the underlying asset than you initially put in — this is how the interest is distributed.
On the flip side, borrowers can take a secured loan from any Compound pool by depositing collateral. The maximum loan-to-value (LTV) ratio varies based on the collateral asset, but currently ranges from 50 to 75%. The interest rate paid varies by borrowed asset and borrowers can face automatic liquidation if their collateral falls below a specific maintenance threshold.
Since the launch of the Compound mainnet in September 2018, the platform has skyrocketed in popularity, and recently passed more than $800 million in total locked value.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
COMP/USDTCOMP/USDT >>> pay attention from the market trading level will tend to be sideways down, pay attention to the blue bar area.
where the price is 129/132 the price is up, the price is the bottom is 111/114.
for the market trend is more likely to go up, and will make a small hill.
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#JuniorOnline
#BabyScrypt
#CryptoTraderNusantara
COMP/USD - Updated entry levels for +27% tradeHello, traders!
The DEFI hype continues to expand as well as the prices of assets.
Let's consider the entry points for those who didn't do it at $99.
COMP tested a strong resistance level of $125 and went into consolidation.
We can consider entry points at two levels :
The first between $117-122
The second after the price went over $125
In this case, the targets will be levels $147 and $160.
SL under $ 115
Good luck and watch out for the market!
P.S This is not financial advice - just a trade I would be following myself
COMP/USDT potential +48% trade setupHello, Traders!
After the dump, the price of COMP returned to the active trading range of $89.83 - $99.22.
The price has now entered an uptrend after collecting the liquidity of buyers.
The price is supported by the MA100 on 4H timeframe.
A low-risk trade can be considered after the price is fixed above $99.22 after its retest.
The targets will be at $110 - $117 - $125 - $147 levels.
SL can be set at $93.
In this scenario, you get a trade with the potential profit of up to +48% with a stoploss at the level of -5% with the risk-reward ratio being more than 9!
Watch out for the market and good luck!
Please share your thoughts on the setup in the comments below
P.S. This is not investment advice, just a trade I would be following myself
COMP/USDT : how to take position now ?! BINANCE:COMPUSDT
Hello everyone😃
Bullish side📈
- Pullback from support zone
- Going to touch FIBBOs retracement level5
- Bullish MACD
- Bullish market positions
- Convergence ( 4Hours - 1Day )
Bearish side📉
- EMA 50 is near and price is below it... ( 4Hours )
- Stochastic is touching 100 limit, need to cool down !
- Bearish FIBBO retracement
COMP had convergence on 4H & 1D chart, It should test 100$ or more !
Also most of indicators are bullish, so we predict on them.
Attention : this is not a financial advise we just try to help people on their own vision.
HAVE A GOOD DAY
- Helical_Trades
Trend reverse in COMPUSDTA look at the Daily TF shows a clear divergence signaling a possible reverse in trend, Going down to the 4H TF we can also notice a weakening in bearish momentum which confirms the divergence from the Daily TF. If the market breaks through the different color rectangle, that is likely an early signal of reverse in trend in the bullish direction. A retest of the breakout zone from the 4H TF should be a good buy signal to ride the trend. Happy Trading, Stay Inspired.
COMP/USDT 8h (Binance Fut.) Descending channel breakout & retest#Compound is pulling back to give us entry after that clear breakout of parallel channel.
I believe this is a new opportunity to long it before a possible bull run!
Current Price= 107.06
Buy Entry= 107.03 - 102.23
Take Profit= 116.77 | 123.26 | 133.20
Stop Loss= 96.51
Risk/Reward= 1:1.5 | 1:2.29 | 1:3.52
Expected Profit= +23.20% | +35.62% | +54.62%
Possible Loss= -15.52%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 2x
Estimated Gain-time= 480h
Possible trend reversal confirmation and next resistance levels*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing.
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