A $3.46K LONG liquidation just hit $COMP at $21.03, flushing leveraged long positions and resetting short-term market structure. This liquidation sweep clears weak hands and often opens a volatility window as price searches for its next direction.

With leverage removed, $COMP is now trading at a key reaction zone. If buyers step in and defend this level with volume support, $COMP could attempt a recovery move. Failure to hold may lead to further downside exploration before balance is restored.

Trade Setup

EP: 20.70 – 21.40

TP1: 22.80

TP2: 24.90

TP3: 28.50

SL: 19.90

Post-liquidation moves can be sharp — let price action confirm direction.

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