That $40-$42 resistance zone? Rejected like clockwork. Now sitting around $32, and the trade's looking sweet.
Weekly chart still screaming bearish — price trapped under that descending trendline. The structure hasn't changed: as long as COMP stays below $40, sellers are running the show.
No reason to flip bullish yet. Let the chart do the talking.
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wagmi_eventually
· 13h ago
Damn, this time it was a real precision strike—the $40 barrier was smashed right through.
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TrustMeBro
· 13h ago
Shorts profited again, that $40 level really couldn't hold.
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BetterLuckyThanSmart
· 13h ago
They really couldn’t reach an agreement at the 40-42 level, and it plunged all the way down to 32—unbelievable.
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StableBoi
· 13h ago
That 40-42 level really couldn't hold, the bears really enjoyed this move.
COMP short position update — nailed it.
That $40-$42 resistance zone? Rejected like clockwork. Now sitting around $32, and the trade's looking sweet.
Weekly chart still screaming bearish — price trapped under that descending trendline. The structure hasn't changed: as long as COMP stays below $40, sellers are running the show.
No reason to flip bullish yet. Let the chart do the talking.