COMPUSDT trade ideas
COMPUSDT - BULLISH SETUPMarket is testing a historically strong level of demand each time the asset came into this price buyers stepped into the market, on the daily timeframe we can see price breaking out of the falling wedge formation and showing signs of a deceleration with a slight rounding bottom, once we break back above the structure level price will turn full BULL. Nice low entry here for a swing trade.
COMPUSDt analysHello friends.
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Everything on the chart.
I've seen ascending triangle.
open pos: 425-440
target: 620 and 700,after first target reached move ur stop to breakeven
stop: ~380+-5 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 6
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COMP big bullish move incoming?COMP has been consolidating above a previous support level for close to a month now and has started to form the first halve of what could be a parabolic curve bouncing off the trend line. The parabolic sar indicator has turned bullish on the daily timeframe for a couple of days now and there is a slight bullish divergence on the RSI daily. Even though support looks steady BTC can spoil the party so I would look at entering a long on spot or with low lev only. First target around 520 easy.
🆓Compound (COMP) Oct-18 #COMP $COMP📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 280$ zone
🔴Buy : 300 - 280
🔴Sell : 380 - 460
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 280$ zone
🔵Sell : 280
🔵Buy : 240
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of 1-day candlestick is Above the zone
🅱️B : The Close price of 1-day candlestick is Below the zone