$COMP - Looking at the 11.70-11.80 area for support

Been watching $COMP for a bit, and it seems to be consistently finding some footing around the 11.70 to 11.80 zone on this recent pullback. The intraday low today at 11.7658 certainly puts that area in focus. It's not a screaming setup, but I'm looking at how it reacts there. There's been a decent volume profile around these levels in the past, suggesting some prior interest from both sides.

My current scenario would be for a bounce from this region, perhaps back towards the 12.20 area that acted as resistance today. The invalidation for this, at least for my personal framework, would be a clean break and close below 11.60. If it starts chewing through that, especially on higher volume, then the technical picture shifts pretty quickly to a more bearish outlook, potentially targeting the low 11s. Volatility has been a bit muted, but a move below 11.60 could certainly change that. Just an observation for now, no strong conviction either way until we see how it plays out around these levels.