COMP is consolidating in the form of this large falling wedge formation at a historically strong level of demand, we can see the range is tightening and price is coiling up for a potential breakout to the upside. Waiting for a confirmed daily close above the confluence of resistance for a confirmation then will be dropping to 4hr and looking for a entry on the retest.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.