Yuriy_Bishko

COMP, how long will this correction continue?

BINANCE:COMPUSDT   COMP / TetherUS
COMP has been in a downtrend for a long time. From its high, the price has corrected by 80%, which is quite a strong drop, and it is already possible to look for an entry point. Looking at the medium or long term, now could be a very good buying opportunity.
If you look locally, the trend line has formed on the chart and the price is trying to break it. If the trend line is broken, it could be a good buying opportunity.

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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.

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