$COMP is showing a strong impulsive breakout from the 16.19 base, followed by steady continuation toward 19.84. The structure is clean with higher highs and higher lows, confirming sustained buyer pressure. After tapping the recent high, price is consolidating around 18.80–19.00 instead of sharply rejecting, which signals strength rather than exhaustion.
Trade Setup (Long):
Entry: 18.40 – 18.90
Targets: 19.84 — 20.50 — 21.80
Stop-Loss: 17.60
Momentum remains supportive. RSI is holding above mid-level near 57, leaving room for another expansion leg. Volume increased during the breakout phase and is cooling slightly, suggesting healthy consolidation rather than distribution. MACD remains elevated, though flattening, indicating momentum reset before potential continuation.
As long as 18.40 support holds, bullish structure stays intact. A clean breakout above 19.84 can open the path toward psychological 20+ levels.
Trade with precision, respect your stop, and let momentum confirm continuation. 🚀🔥
