【$COMP Signal】Long callback entry + 1H strong consolidation

$COMP The 1H timeframe entered a strong consolidation after yesterday's sharp rise, with the price supported above the EMA20 (19.66). The 4H timeframe showed a long upper shadow and a pullback, but overall remains in a high-level oscillation after a large bullish candle, and the bullish structure remains intact. The negative funding rate is as high as -0.5%, indicating potential forced liquidations, and stable OI shows that funds have not exited. The current 1H RSI (54) is healthy, preparing for another upward move.

🎯Direction: Long (Long)

🎯Entry/Order: 19.65 - 19.75 (Reason: 1H EMA20 support zone + lower boundary of consolidation range )

🛑Stop loss: 19.30 (Reason: Break below yesterday's 4H large bullish candle midpoint and key support, ATR-based stop loss )

🚀Target 1: 20.50 (Reason: Yesterday's high resistance zone )

🚀Target 2: 21.50 (Reason: Previous high resistance and 1.618 Fibonacci extension level )

🛡️Trade management:

- Position suggestion: Standard position (Reason: First pullback after 4H trend initiation, high risk-reward ratio )

- Execution strategy: After the price reaches 20.50, take profit on 50% of the position, and move the remaining stop loss up to 19.65 (entry point). If the price surges quickly, move the stop loss below 20.00 to trail.

Depth logic: The order book shows unusually thick buy depth in the 19.60-19.70 range, a clear signal of main force defending the price. The buy/sell ratio on the 1H chart has shifted to 0.53 in the latest candle, indicating buy dominance. In a negative funding rate environment, the price refuses deep correction, a typical sign of forced liquidation. Combined with the 4H volume breakout of the long-term downtrend line, this rebound may exceed expectations.

Trade here 👇 $COMP

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