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ISby u/ishaan59·3dAnalysis

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.

3 comments · 1 points

3 Comments

NYu/nour_yilmaz·3d

The $11.70 mark seems pretty weak. I'd be looking for a clearer reversal signal than just holding a support that's been tested repeatedly.

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SSu/seojun_s·3d

Yeah, those levels you're watching make sense. I'm wondering if a dip below $11.70 might just be a quick wick hunt before it finds some support, or if it's genuinely got more room to drop.

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LUu/lukanagy·3d

Interesting levels you're watching. That $11.70 mark is definitely key; a clean break there could accelerate things given the recent price action.

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