COMP Manipulation in Horizontal Accumulation 🔄💰Compound (COMP) has been engaged in an extended period of trading within a well-defined horizontal accumulation range, featuring clear boundaries at both the upper and lower ends. This characteristic setup provides ample opportunities for significant players to manipulate the market, given the presence of hidden stop-loss orders. The recurrent strategy involves strategic sweeps of either boundary, leading to notable reversals. The current anticipation is for a retest at $35, facilitating a sweep of the lower boundary and paving the way for an upward move towards the initial target at $68.
🔄 Dynamics of Horizontal Accumulation:
COMP's extended trading within a horizontal accumulation range establishes distinct upper and lower boundaries. This structure creates an environment conducive to market manipulation, particularly by significant players seeking to exploit hidden stop-loss orders within the range.
🎯 Stop Loss Hunting Strategy:
The dynamics of COMP's trading involve a strategic approach known as "stop-loss hunting." This strategy capitalizes on the formation of liquidity pools at the upper and lower boundaries, encouraging traders to place stop-loss orders within these levels. The subsequent sweeping of one of these boundaries triggers the stop-loss orders, leading to market moves.
🚀 Execution of Strategic Sweeps:
COMP executes strategic sweeps by intentionally triggering stop-loss orders at either the upper or lower boundary of the horizontal accumulation range. Each sweep has been historically followed by a significant market reversal, allowing players to capitalize on the ensuing price movement.
🔍 Anticipated Retest and Upward Move:
The current expectation is for COMP to retest the $35 level, providing an opportunity for a sweep of the lower boundary. This strategic move aims to clear out stop-loss orders and set the stage for an upward trajectory. The initial target for this upward move is set at $68.
💡 Trading Considerations:
Traders observing COMP should be mindful of the stop-loss hunting strategy at play. The retest at $35 could serve as a crucial juncture for potential market manipulation and subsequent upward movement. Implementing effective risk management strategies is paramount for navigating such market dynamics.
🔮 Future Outlook:
The technical analysis suggests that COMP's trading behavior within the horizontal accumulation range provides strategic opportunities for market manipulation. Traders should closely monitor the retest at $35 and be prepared for potential moves as COMP aims to sweep the lower boundary and target $68. The cryptocurrency market's dynamic nature emphasizes the importance of adaptability and risk management in trading decisions.
COMPUSDT trade ideas
Compound (comp)The time has come to talk about the cryptocurrency representing decentralized finance. (comp) is globally positioned, and I anticipate an impulsive surge from it, ranging between $200 to $250. The structure clearly indicates where one can purchase this currency, and I am in the accumulation zone
COMP: Resistance BreakoutTrade setup : Bullish break out from Symmetrical Triangle pattern, above 200-day moving average, signaled resumption in Uptrend. Bullish break above $60 signals continuation of uptrend, with upside potential to $80 near-term. Stop Loss (SL) at $54. Watch our recent Trading Video explaining a recent trade setup, including Take Profit and Stop Loss levels, and calculating a Risk-Reward Ratio.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $47 (previous resistance), then $36. The nearest Resistance Zone is $60, then $80.
COMP/USDT | Compound |1D 👀Aggressive buying in the range of $30-50, with a long-term outlook! The allocated amount for the trade should not disrupt your risk management and portfolio management.
In 2024, I believe all strategies will be effective, especially averaging down. Averaging down works in any trend; there's a high probability that after a certain period, you'll be in profit.
The idea I'm conveying is that the timing of the purchase is more important than the buying price. It's about the market's predisposition to grow globally.
- Not financial advice, trade with caution.
✅ Stay updated on market news and developments that may influence the price of Compound. Positive or negative news can significantly impact the cryptocurrency's value.
✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility.
✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking.
#Crypto #Compound #Investing #COMP
COMP SHORT SETUPAn ABC is seen which appears to have been a bearish triangle wave B.
Now it seems that you are in the final wave of this triangle, i.e. wave e of B
The red box is expected to drop towards the specified targets.
I put the targets on the chart. Closing a 4-hour candle above this level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
COMPUSDT: Bearish TrendCOMPUSDT.P is forming Rising Wedge pattern and recently, it seems that the Buyers may be getting exhausted as the pair has started to find support within the pattern. Additionally, the current price action is forming a Bearish divergence, which suggests that Sellers may be preparing for a significant downward move.
Will the Bears regain control and push the price Lower?
COMP/USDT Gearing Up for a Bull Run? 👀🚀COMP Analysis💎 Paradisers, turn your attention to #COMPUSDT, as it's currently showing promising signs of an upcoming move from a key demand level.
💎 #Compound is tracing an upward path, indicating a potential bullish breakout from its current demand level. It's anticipated to retest the demand level at $47.5 before continuing its upward trajectory. If #COMP can maintain its position above this level, it sets the stage for an ascent toward the significant supply zone at $84.
💎 Nonetheless, If #COMP encounters resistance in holding its ground above the $47.5 level, a strategic shift in our trading approach might become necessary. In that case, we would adjust our focus towards initiating a bullish movement from a slightly lower bullish OB level at $38.7.
💎 Keeping a vigilant eye on this level is critical, as a drop below could trigger a significant downward move.
💎 Stay alert and prepared, Paradisers. Your ParadiseTeam is committed to offering the latest market insights and strategic guidance to ensure you're well-prepared to handle these market developments.
COMPUSDT Elliott Waves Analysis (Investment Idea)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Main(investment) target zone: 850 - 1000$
Targets: 200 - 400 - 900
Cancellation of setup - consolidation under ~25
RR: 1 to ~30
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
📈🚀 Comp/USDT 200% Bullish Move Incoming! 📈🚀
📅 Weekly Time Frame Analysis:
The market structure of Comp/USDT has recently transformed into a bullish trend, indicating exciting opportunities ahead. In the coming days, we may witness a potentially remarkable bullish move of up to 200%! 🌟💪
🔍 Remember: Conduct Your Research!
Please note that this information is not financial advice. It is essential to conduct thorough research and analysis before making any investment decisions. ❗🔎
Trade wisely and stay informed! Good luck! 🤞💰
COMP UPDATE (4H TF)It seems that from where I entered "Start" we are inside an ABC, which is a diametric B wave and it is over. And now we are in wave C.
If the price reaches the supply range, we will look for sell/short positions in this range
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
