💎 Paradisers, turn your attention to #COMPUSDT, as it's currently showing promising signs of an upcoming move from a key demand level.
💎 #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.
💎 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.
💎 Keeping a vigilant eye on this level is critical, as a drop below could trigger a significant downward move.
💎 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.
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.