Technical analysis by vf_investment about Symbol COMP: Buy recommendation (7/8/2025)

Hi TradersToday we are analysing COMP/USDT (BINANCE) on 4-hour timeframe. The price has been consolidating heavily around $40 support level, showing multiple rejections and signs of potential exhaustion.I recommend waiting for a slight dip below this support zone ($40) to trap late sellers and look for a potential long entry. If the pattern holds, we could see a strong bullish reversal targeting the resistance ($60) which offers a favourable risk-to-reward setup. Keep an eye on price action for confirmation before entering.