Watching $COMP around 12.5k, testing prior support

Been keeping an eye on $COMP today, it's pretty much hugging that 12.5k level. That area acted as decent support through the tail end of last week, and it feels like we're retesting it after the morning's dip. If it can hold here and consolidate for a bit, I'd be looking for a potential bounce back towards 12.7k. The risk scenario for me would be a clean break and close below 12.45k; that would suggest a bit more downside is on the cards and invalidate this read, potentially opening up a move towards the 12.2k area.