Watching $COMP for a potential bounce or further downside after this consolidation

I've been keeping an eye on $COMP after its recent dip. It's currently trading around the $11.72 mark, which isn't far off yesterday's low of $11.71. For me, this level feels significant. If it can hold this area and we see some volume come in, a short-term bounce towards the $12.20-$12.27 range (yesterday's high) might be on the cards.

However, the risk I'm seeing is a clean break below $11.70. If that happens, especially on increased selling volume, I think we'd likely see a move to test lower support levels. I'm not making any moves yet, just observing how it reacts at this current price point.