👀**$COMP**** 4H Analysis:

in #crypto11 months ago

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Today I'm looking at the $COMP chart on the 4H timeframe:

The coin is moving in an uptrend, right now I see strong buyer activity - this gives potential for further growth.

There's serious resistance at $56.82 there was a recent bounce from it, so for a long entry I'm waiting for this level to break to relieve pressure from buyers.

At $44.39 an order block is forming that's acting as support. On retest, a reversal is possible, so for short confirmation we need this level to break.

🔼Long: after PRICE (not level!) consolidates above $56.82
🔽Short: after PRICE consolidates below $44.39

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