- Compound is a defi lending protocol that allows users to earn interest - Defi rally can lead to a great jump - Compound has a solid base and I have no concerns over this - The structure looks amazing position yourself if you want to invest here for the long term - From a Trade perspective stay a little conservative
Title: COMP/USDT Technical Analysis: Bearish Divergence Signals Potential Downside to 45-50 Levels In this technical analysis, we will examine the price action of COMP/USDT, focusing on critical resistance and support levels. Analysis: 1. Resistance Area - 80-86: The COMP/USDT pair has encountered strong selling pressure in the price range of 80-86. Repeated...
COMP is at HTF in daily chart. and as per chart it looks like bearish retest. Hence we can short here with easy invalidation.