$COMP

I'm looking at Coinbase's upcoming earnings report and how it might impact $COMP. Given their recent performance and the current market sentiment around crypto, I'd put the odds at about 60% that $COMP will test the $12.50 support level again within the week following the release, especially if their user growth or transaction volume metrics disappoint. The market's been pricing in some optimism already, so any slight miss could see a quick re-evaluation and a dip. It's a key level to watch, but a break below that would signal a tougher road ahead.

Been watching $COMP on the 4-hour chart. We're retesting what looks like a pretty significant resistance around the $60-61 area. It's been rejected there a few times in the past couple of weeks. If we get a sustained break above that on decent volume, I'd consider it a bullish development, potentially targeting the low 70s.

However, the downside risk here is a failure to break through. A clear rejection from this level, especially if accompanied by a drop below the recent swing low around $56, would likely signal a continuation of the short-term downtrend. That invalidates any bullish bias for now, and I'd be looking for retests of the $50 range.