Hello everyone.
As we can see :
- Convergence recently
- Heavy support
- Downward resistance
- Horizontal RSI resistance at 53.5
COMP is trending on last support !
Also this support is very heavy, we expect a pullback and a breakout from resistance also if RSI break 53.5 resistance then we will see a pump till 160$ resistance !
There is a liquidity pool which can hunt some shadows there !
But if COMP failed to pullback and reject from support then there should be a new low for COMP :)
we open our long position at 137$ ( if take hold above resistance )
Attention : this is not a financial advise we just try to help people on their own vision.
HAVE A GOOD DAY
- Helical_Trades
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