Compound (comp)The time has come to talk about the cryptocurrency representing decentralized finance. (comp) is globally positioned, and I anticipate an impulsive surge from it, ranging between $200 to $250. The structure clearly indicates where one can purchase this currency, and I am in the accumulation zone
COMPUSDT trade ideas
COMP/USDT | Compound |1D ๐Aggressive buying in the range of $30-50, with a long-term outlook! The allocated amount for the trade should not disrupt your risk management and portfolio management.
In 2024, I believe all strategies will be effective, especially averaging down. Averaging down works in any trend; there's a high probability that after a certain period, you'll be in profit.
The idea I'm conveying is that the timing of the purchase is more important than the buying price. It's about the market's predisposition to grow globally.
- Not financial advice, trade with caution.
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Stay updated on market news and developments that may influence the price of Compound. Positive or negative news can significantly impact the cryptocurrency's value.
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Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility.
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Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking.
#Crypto #Compound #Investing #COMP
COMP SHORT SETUPAn ABC is seen which appears to have been a bearish triangle wave B.
Now it seems that you are in the final wave of this triangle, i.e. wave e of B
The red box is expected to drop towards the specified targets.
I put the targets on the chart. Closing a 4-hour candle above this level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
COMPUSDT: Bearish TrendCOMPUSDT.P is forming Rising Wedge pattern and recently, it seems that the Buyers may be getting exhausted as the pair has started to find support within the pattern. Additionally, the current price action is forming a Bearish divergence, which suggests that Sellers may be preparing for a significant downward move.
Will the Bears regain control and push the price Lower?
COMP/USDT Gearing Up for a Bull Run? ๐๐COMP Analysis๐ Paradisers, turn your attention to #COMPUSDT, as it's currently showing promising signs of an upcoming move from a key demand level.
๐ #Compound is tracing an upward path, indicating a potential bullish breakout from its current demand level. It's anticipated to retest the demand level at $47.5 before continuing its upward trajectory. If #COMP can maintain its position above this level, it sets the stage for an ascent toward the significant supply zone at $84.
๐ Nonetheless, If #COMP encounters resistance in holding its ground above the $47.5 level, a strategic shift in our trading approach might become necessary. In that case, we would adjust our focus towards initiating a bullish movement from a slightly lower bullish OB level at $38.7.
๐ Keeping a vigilant eye on this level is critical, as a drop below could trigger a significant downward move.
๐ Stay alert and prepared, Paradisers. Your ParadiseTeam is committed to offering the latest market insights and strategic guidance to ensure you're well-prepared to handle these market developments.
COMPUSDT Elliott Waves Analysis (Investment Idea)Hello friends.
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Everything on the chart.
Main(investment) target zone: 850 - 1000$
Targets: 200 - 400 - 900
Cancellation of setup - consolidation under ~25
RR: 1 to ~30
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
๐๐ Comp/USDT 200% Bullish Move Incoming! ๐๐
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Weekly Time Frame Analysis:
The market structure of Comp/USDT has recently transformed into a bullish trend, indicating exciting opportunities ahead. In the coming days, we may witness a potentially remarkable bullish move of up to 200%! ๐๐ช
๐ Remember: Conduct Your Research!
Please note that this information is not financial advice. It is essential to conduct thorough research and analysis before making any investment decisions. โ๐
Trade wisely and stay informed! Good luck! ๐ค๐ฐ
COMP UPDATE (4H TF)It seems that from where I entered "Start" we are inside an ABC, which is a diametric B wave and it is over. And now we are in wave C.
If the price reaches the supply range, we will look for sell/short positions in this range
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
COMP: Resistance BreakoutTrade setup : Bullish break out from Symmetrical Triangle pattern, above 200-day moving average, signaled resumption in Uptrend. Bullish break above $60 signals continuation of uptrend, with upside potential to $80 near-term. Stop Loss (SL) at $54. Watch our recent Trading Video explaining a recent trade setup, including Take Profit and Stop Loss levels, and calculating a Risk-Reward Ratio.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $47 (previous resistance), then $36. The nearest Resistance Zone is $60, then $80.