Hello Traders,
#COMP/USDT just broke the resistance level and the next major resistance will be 47 and I think this resistance is powerful enough to make the price decline a bit.
so, we may open two trades,
The first trade is trading the current resistance
🟢Entry price: from 42.5 to 40
🎯Target will be 47
🔴Stop-loss: closing daily under 40
the second trade opportunity is trading the breakout of 47 resistance level
🟢Entry price: closing daily or 4h candle above 47 resistance level
🎯Target:
-> 58
-> 64
-> 70
🔴Stop-loss: closing daily under 47 (the resistance that became the current support)
#COMP/USDT just broke the resistance level and the next major resistance will be 47 and I think this resistance is powerful enough to make the price decline a bit.
so, we may open two trades,
The first trade is trading the current resistance
🟢Entry price: from 42.5 to 40
🎯Target will be 47
🔴Stop-loss: closing daily under 40
the second trade opportunity is trading the breakout of 47 resistance level
🟢Entry price: closing daily or 4h candle above 47 resistance level
🎯Target:
-> 58
-> 64
-> 70
🔴Stop-loss: closing daily under 47 (the resistance that became the current support)
Trade active
Trade active:
#COMP/USDT
achieved the first target at 47 ✅
Profits: around 10% profits till now📈
achieved the first target at 47 ✅
Profits: around 10% profits till now📈
