COMPUST trade ideas
Short position on COMPUSDT / Follow for updatesBINANCE:COMPUSDT
COINBASE:COMPUSD
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
The setup is active but expect the uncertain phase as well.
➡️Entry Area:
Yellow zone
⚡️TP:
On the Chart
SL:
On the Chart
The Alternate scenario:
If the price stabilizes above the trigger zone, the setup will be cancelled.
COMPUSDT.1DThis chart shows the daily price movements of COMP/USDT (Compound paired with US Dollar Tether) over several months into early 2025. Here's my technical analysis:
Trend Analysis
The price of COMP has been in a broad downtrend as indicated by the descending trendline, R1, which highlights the resistance levels. Since reaching a high in March, the price has consistently made lower highs and lower lows—a classic bearish trend.
Support and Resistance Levels
R1: The descending red line, currently around the $60 mark, has been a significant barrier. The price has tested this line multiple times without a successful breach, affirming its role as a key resistance level.
S1 ($41.48): This horizontal line acts as the immediate support where the price has found some stability in recent trading days. If this level holds, it might provide a base for COMP to potentially rally or at least stabilize.
S2 ($34.10) and S3 ($33.84): These are lower support levels that could come into play if S1 is breached. Given the proximity of S2 and S3, this area could be seen as a strong demand zone where significant buying might emerge.
Current Market Position
The price is currently trading around $48.99, just above S1. This suggests some immediate support, but given the downtrend, there's potential risk of further declines if S1 doesn't hold.
Trading Strategy
Considering the market's bearish bias, my approach would be cautious. If holding COMP, I would look for any sign of strength above S1 and potentially consider reducing exposure on any rally towards R1. If the price breaks below S1, I would watch for reactions at S2 and S3 for potential buying opportunities, as these levels might offer substantial support.
Conclusion
In conclusion, COMP exhibits bearish momentum with immediate support at S1. The strategy should be defensive, focusing on risk management. Any positions taken around support levels should have tight stop losses to guard against a breakdown below these points. As always, it's essential to adapt quickly to new information and market conditions that could affect this outlook.
Is COMPUSDT Heading for a Breakout and make massive move?Yello, Paradisers! Could #COMP be setting up for a massive move? Let’s dive in.
💎#COMPUSDT is showing signs of a significant rebound from a strong support level, with the current price facing resistance at $45. However, a retest of the support at $40.23 could be on the horizon as COMP builds momentum for another breakout attempt.
💎For the bullish trend to continue, it’s crucial that COMP breaks through the $45 resistance level, which would then open the path to our first target in the Bearish Order Block (OB) area of $51-$54. A successful break above this zone could trigger a significant upward move, making it easier to hit our final target in the strong resistance area.
💎On the flip side, the bearish scenario could play out if COMP fails to bounce from the $40.23 support and breaks down further. In this case, the price is likely to retest the strong support area below. Historically, COMP has shown the ability to rebound significantly from such strong support levels, often resuming its upward trajectory.
💎However, the bullish outlook would be invalidated if the daily candle closes below this strong support area. If this occurs, it would confirm a downward continuation, potentially leading to a deeper dip.
Discipline and patience will be key in navigating this market.
MyCryptoParadise
iFeel the success🌴
COMP ANALYSIS (1D)From where we put the green arrow on the chart, it looks like a triangle is forming.
We now seem to be in the microwaves of the large D wave.
It can be rejected from the supply range to the green box.
The targets are marked on the picture.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
COMPUSD - Breaking away from the pack?COMPUSD has made a bullish move from consolidation and has a lot of blue sky above it before it hits resistance.
The alternative coins can often lead the major ones, but need to have strong fundamentals discerning them from the other coins if they move the other way as a group.
Watch volume to confirm commitment to the move.
COMP Long after deviation BINANCE:COMPUSDT
Would be good to see deviation on Comp chart before spring rally
Possible Targets and explanation idea
➡️We trade in a range since collapse in June. Leave liquidity under 26$
➡️ Possible move over 40$ than down
➡️ Would be good to see final drop under buy line "Take profit" indicator and grab all liquidity in January
➡️ Than climbing up out of range to test middle term Fib 0.5 lvl by end of spring. Than retest support block
➡️Its more middle term targets for COMP for this February - April 2023
➡️Only in 2024 we can see full rally on this coin.
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
* Look at my ideas about interesting altcoins in the related section down below ↓
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COMP (Compound): Channel Down BreakoutTrade setup : Price remains in a downtrend, however, price had a bullish breakout from Channel Down pattern and above $50 resistance, which would signal bullish trend reversal with +20% upside potential to $60 next. Stop Loss at $46. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend.
Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) - initiate a trade when the price breaks through the channel's trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Up, Medium-term trend is Neutral and Long-term trend is Strong Down.
Momentum is Bullish (MACD Line crossed above MACD Signal Line) ABOVE days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $50.00, then $45.00. Nearest Resistance Zone is $60.00, then $68.00.
#COMP/USDT#COMP
The price is moving within a bearish channel pattern on the 12-hour frame, which is a strong retracement pattern and was broken to the upside.
We have a bounce from a major support area in green at 42.00
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum, and the price is based on it to rise after it was broken upward.
Entry price is 48.50
The first target is 56.52
The second goal is 62.00
The third goal is 67.90
Is COMPUSDT Primed for a 50% Rally or a Bearish Plunge? Yello! Are you keeping an eye on #COMPUSDT’s latest breakout? Let's break it down and see what’s next!
💎#COMPUSDT has recently broken out of a falling wedge, a bullish signal supported by the 50EMA and increasing trading volume. The asset is currently retesting this breakout.
💎The upper trendline of the wedge is now acting as support for $COMP. If this retest is successful, the probability of a 40-50% bullish rally is very high.
💎However, what if the retest isn’t successful? There is a major support level at $44-$47. This zone is packed with liquidity and has historically pushed the price upward. If #COMP retests this area, it could provide a strong rebound.
💎If the $44-$47 zone fails, the next key level is $40.62. This support needs to hold to maintain the bullish outlook.
💎If #COMPUSDT continues to fall below these levels, the bullish scenario will be invalidated, leading to a deeper bearish trend.
Always be prepared for all market outcomes and maintain disciplined trading strategies.
MyCryptoParadise
iFeel the success🌴
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
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🌴
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.
Compound loves to play games!!Lets play a game... how many daily candles will close below this daily level?
Leave a comment below!
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Every day the charts provide new information. You have to adjust or get REKT.
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This is not financial advice. This is for educational purposes only.
✴️ 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.
✴️ 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.
