$COMP is trading near 24.20 USDT, showing short-term stabilization after a sharp intraday pullback. Price swept liquidity around 23.80 and immediately reacted, which often signals a local demand zone. On the 1H timeframe, selling pressure is slowing and small bullish candles are forming, hinting at a possible relief move or short-term reversal if volume steps in. The structure remains corrective, but momentum can shift quickly if resistance breaks.

Trade Setup

• Entry Zone: 23.85 – 24.05

• Target 1: 24.50

• Target 2: 25.10

• Target 3: 26.00

• Stop Loss: 23.40

A clean break and hold above 24.50 with volume would confirm strength and open room for a continuation toward higher levels. Failure to hold 23.80 would invalidate the setup and signal further downside. This is a short-term technical play, not a long-term bias.

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COMP

19.69

-1.15%