$COMP USDT has printed a sharp impulsive rally from the 15.20 demand zone up to the 19.80 resistance area, followed by clear rejection wicks near the local top. The 1H chart shows exhaustion after an overextended move, with the latest candle turning bearish below 19.00, signaling potential short-term distribution. Price is now reacting at a key supply zone, increasing the probability of a corrective pullback.
Trade Setup:
Entry: 18.60 – 18.90
TP1: 17.80
TP2: 17.00
TP3: 16.20
SL: 19.90
Market Outlook:
As long as price remains below the 19.90 resistance zone, downside correction toward mid-range support levels is likely. A strong breakout above the recent high would invalidate the short setup and shift momentum back to bullish continuation.