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COMPUSDT trade ideas

Compound (COMP): Looking For 4th Attempt To Break The SupportThe Compound coin caught our attention. Where Price has been making multiple attempts to break that local support zone while getting rejected from the upper zones. The last rejection happened at 200 EMA, and ever since price has been moving steadily to lower zones, pressuring also that support zone right there. We are looking for a full-scale breakdown to happen, which should result in a movement toward major support near $25. Swallow Team
Short
by SwallowAcademy
4
COMPUSDT on the Verge of a Major Move – Are You Ready?Yello, Paradisers! Are you prepared for a potential big move in #COMPUSDT? Here's why you need to keep a close eye on this one right now. 💎 #COMP is showing promising signs of rebounding from a strong support area. If this upward trajectory continues, we could see a test of the descending resistance area soon. A successful breakout above this descending resistance could ignite a bullish momentum, potentially driving the price significantly higher. 💎Our first target is the resistance level around $66. Should COMP break through this area, there is a high probability it will reach our target strong resistance level. 💎However, if COMP fails to show strong signs at the support and merely moves sideways for a few days, this could spell trouble. A break below the strong support level would invalidate the bullish outlook and indicate a bearish continuation, driving the price further down. It's crucial to be patient and wait for the best, highest probability trading opportunities. Remember, disciplined trading is the key to long-term success. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
2
Parking some of my profits here! I've made a ton of money in 2024 with BTC, ETH, MKR, and SHIB. It's amazing to see how Compound (COMP) still hasn't done much yet. I believe a coin's recovery is a key indicator of its future market strength. So far, it's hard to tell if COMP will become a leader in its field. The market's recovery looks weak, which is why I'm buying now. I've basically avoided 90% of its boring phase, so either COMP will stay dull, or it's about to take off soon. The number of investors is interesting, so maybe the market is a bit manipulated. Who cares? Let's see how this strange situation unfolds. I don't have any price targets; whatever happens, happens. This is just a small part of my pure 2024 profit going into this unknown venture.
by aMilliondollarBitcoin
✴️ Compound About To Move Now! (Easy 40%, Followed by 147%)Another waiting period, another consolidation phase is reaching its end... We have an open trade for this pair/Altcoin/project and this will be shared in the 'Related Ideas' at the bottom of this post. Compound (COMPUSDT) is great because it produced a major bullish wave recently and many people participated in it. When things like this happens we are always on the lookout for the next round, because it feels so good to do good, it feels so good to be profitable, to make the right calls, to continue higher, to keep growing, to stay ahead... If it feels good, then read what about I am about to say! ➖ Compound is trading above MA200 and EMA200 which means long-term bullish potential confirmed. We are not talking about a small move, we are talking about something big. Will it really happen? Will everything really grow? The chart is saying yes! The market is saying yes! We just only have to trust... Trust but at the same time prepare for all scenarios... Hope for the best, prepare for the worst. The waiting is over for Compound too, the chart signals are really strong. Namaste.
Long
by MasterAnanda
3
✴️ Compound Update | The Next 6 MonthsCompound is still in a consolidation phase after a strong correction but as soon as its price moves above $40 we consider it strong. This can turn into a long drawn out correction or a short one but the bigger picture is up. This is the picture for the next six months... Notice how even if a drop happens the bias is still bullish with higher highs potential compared to July always in place. This is the medium term picture but once the bull-market start the current candles will disappear from the chart because of all the growth that will take place. Until the next one. Thank you for reading. Namaste.
Long
by MasterAnanda
1
📈In-Depth COMP Analysis: Unveiling Trading Opportunities💵🔅Today, I'm excited to delve into a comprehensive analysis of COMP, providing valuable insights to aid your trading decisions in this dynamic market environment. 🔍To begin, let's take a closer look at the current state of the market. As we've observed, the cryptocurrency landscape continues to oscillate within a range-bound pattern, presenting both challenges and opportunities for traders. Amidst this backdrop, individual assets like COMP offer intriguing prospects for short-term trading strategies. ✅COMP, on the daily timeframe, has recently encountered a pivotal support level, triggering a phase of consolidation and corrective price movements. Notably, it has retraced to the 0.382 Fibonacci level, aligning with its broader range-bound behavior. Concurrently, a discernible downward trendline curve is exerting pressure on prices, although the selling volume appears to be waning—a potential indication of diminishing bearish momentum. 📈For those venturing into futures markets, a potential short entry could materialize following a decisive break below the $49.68 level, with a downside target around $39.54. However, it's crucial to exercise prudence and closely monitor price action, particularly for any signs of strong buyer presence that may prompt a reassessment of short positions. Additionally, a confirmed drop in the Relative Strength Index (RSI) below 30, coupled with stabilization, could signal an imminent sharp decline, warranting heightened attention. 📉On the flip side, for traders eyeing long positions, patience is paramount. It's advisable to wait for a clear breakout above the trendline curve, preferably accompanied by a breach of the trigger level at $59.75, before considering entry. Even for existing long positions, caution is advised, as formidable resistance lies ahead at $66.25, with the 0.618 Fibonacci retracement level remaining intact. In the spot market, a significant trigger for long positions stands at $95.77, representing a critical barrier from previous major upward moves—a breach of this level could herald a robust uptrend. 📝In conclusion, as we navigate through the twists and turns of the market, adaptability and vigilance are key. Remember, successful trading requires a judicious blend of technical analysis, risk management, and emotional discipline. Stay informed, stay patient, and above all, stay safe. 📣I'm eager to hear your thoughts and insights on this analysis. Let's continue to learn and grow together in this ever-evolving trading landscape. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
by itsparham96
📊#COMP Huge upside potential, worth paying attention to👀➡️From the technical analysis point of view. 👀 🧠After a long period of decline, we hit a record low in June this year, and the rebound effect was also very strong. Then we can use this to judge the validity of this low as a new historical low. We gradually built a line of defense in the subsequent adjustments, and formed a small double bottom structure and started to move higher, but we can easily find from the chart that our increase was not too large, compared with other coins. ➡️Assumptions: 🧠If we can break through the key point 55, then we may break through the H point above. If the H point is successfully broken through, then we will challenge the short defense point above. If the short defense point is broken through, it means If the short structure is destroyed and there is no short structure as an obstacle, then the previous high will most likely be broken through. If the previous high is broken through, then the smiley face bullish structure will be established. If this bullish structure is established, then the mid-term TP zone will be It may be possible, and even higher target areas can be expected. ✔️ ➡️Let’s look at it from fundamental analysis👀 You should know that COMP is an algorithm-based automatic interest rate system built on the Ethereum blockchain. If we refer to the increase in ETH, the possibility of subsequent compensatory increases in COMP is very high. Therefore, we can also use this to horizontally refer to ETH to find future goals. 🎯 👆To sum up, if my prediction comes true, then we will have the best entry opportunity near the buying zone, because once we miss this buying zone, you will find that when you want to buy again , its purchase cost will only deter you. So we can use DCA to make purchases near the buying area. ⚠️Note that if our bullish defense level is broken, this bullish idea will be invalidated. ❌ 💰🍻I have helped everyone make money, so I hope you can also help me. Please remember to like❤️share my analysis posts . 📤
Long
by wolf_king888
1
COMP/USDT preparing bullish trajectory|👀🚀COMP analysis💎 Paradisers, let’s delve into the #COMPUSDT as it nicely following falling wedge formation however, there’s a glimmer of hope as it once again restores momentum at the key support level of $49.82. 💎 But what if #COMPOUND can’t quite stick the landing at this support level? In that case, we need to be prepared to switch up our strategy. Our focus shifts to a strong comeback from slightly lower down specifically, at a support level it has already tested twice. 💎 Should the price of NYSE:COMP dip below this critical area, it’s time to reevaluate our game plan. We’re optimistic about a potential bounce back from the next support line, which sits at $41.92. However, if it fails to recover from there, we may witness further downside. Stay vigilant and remain adaptable as we closely monitor unfolding market dynamics. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
Compound | COMPCOMP Rallies Over 100% After CEO Quits ! Robert Leshner, the well-known creator of the DeFi lending platform Compound Finance, has resigned from his position as the CEO of the DeFi lending protocol. Leshner recently announced his plan to launch Superstate Trust, a new business venture. The creation of a short-term government bond fund is the goal of this endeavor. Notably, Superstate Trust has already raised $4 million in startup money from a variety of DeFi investors. Compound (COMP), the native token of Compound Finance, is still on the rise despite Leshner’s resignation. COMP, which is currently trading at $55.87, has experienced a spectacular rise in value of 22.47% over the last two days. Compound Finance has $2 billion in assets and that its governance token COMP has increased by over 100% in the last week. Significant digital assets including Bitcoin, Ethereum, and the S&P 500 have all increased by less than 3% during that time period. This outstanding performance demonstrates Compound’s robustness and adaptability in the face of organizational changes and reflects increased investor trust in the token’s potential. Compound supporters believe that recent significant cryptocurrency ownership outflows by important market participants are clear signs that the price of Compound (COMP) will continue to rise. These backers are optimistic that Compound and its chances for future growth are looking good thanks to the withdrawals made by crypto whales, who own substantial sums of digital assets. Bullish investors predict Compound may even surpass the remarkable valuation of about $80 in the upcoming weeks as a result. This upbeat attitude is based on the idea that these powerful players’ withdrawal activities reveal their trust and confidence in Compound’s long-term potential, acting as a catalyst for the stock’s upward trend. The Superstate assets will have the chance to be represented on the Ethereum blockchain, claims a prospectus filed with the Securities and Exchange Commission. The prospectus stressed the use of blockchain technology and the advantages of “operational efficiencies” that come with it. On the Ethereum blockchain, Compound is a protocol for an algorithmic money market. In particular, the current DeFi craze is ascribed to this network for initiating it. In the middle of the summer of 2020, Compound was the first platform to introduce yield farming to the market. In many ways, yield farming is comparable to staking cryptocurrency. Leshner established one of DeFi’s earliest protocols to draw substantial asset contributions. Compound and a few other protocols, including MakerDAO, were among the first to demonstrate that blockchains might be used for purposes more than just transferring tokens. The DeFi Summer liquidity mining boom began with COMP’s introduction in June 2020. Meanwhile, rumors spreading across social media that COMP holders would get some form of airdrop from Superstate provide a potential reason for the price movement of COMP. However, there has been no formal statement from Superstate stating that COMP will participate in the activities of the new company.
Long
by moonypto
10
COMP/USDT Bounce with strong green candle, Potential back to UP!💎 COMP has recently experienced notable market dynamics, particularly with a bounce from a support area. 💎 A strong green candle suggests potential upward movement, with a key resistance level at $80.7 needing to be breached for further bullish momentum toward our target strong resistance area. 💎 However, failure to break this resistance could lead to a retest of the support area, potentially creating a new momentum for a breakout. 💎 Should COMP fail to bounce from the support, the next stop would be the demand area around $55.8. COMP must bounce from this area and reclaim the price above the support to sustain the upward movement. On the contrary, a breakdown below the demand area and the support trendline would confirm a bearish sentiment, likely resulting in further downward movement.
by MyCryptoParadise_Nathan
6