Technical analysis by Rogcrypto about Symbol COMP: Buy recommendation (4/19/2025)

Rogcrypto

✅ Trade Setup Plan🟢 Bullish Scenario (Long Entry)📥 Entry:Aggressive Entry: Now (~$41) after breakout from the descending trendlineSafer Entry (Confirmation): Break and close above $44 with volume🎯 Targets:TP1: $47.90 – $48.50 (recent local high)TP2: $50.80 – $51.50 (resistance zone)TP3: $56 (major resistance)🛑 Stop-Loss:Below $38.50 or tighter at $39.80 if you entered at $41Below $36.50 if you're targeting a wider swing trade🔴 Bearish Scenario (Short Entry)📥 Entry:If price fails to hold $39.80 and breaks below $38.50 with volume🎯 Targets:TP1: $35 (support region)TP2: $33.20 – last tested bottom🛑 Stop-Loss:Above $41.20 or $42 depending on entry📊 Indicators to MonitorRSI: A clean push above 60 = bullish strength; drop below 40 = bearish pressureMACD: A strong bullish crossover + increasing histogram = momentum confirmationVolume: Confirm breakouts with increasing volume