
Look, the market doesn't always have a clear path, but when indicators speak, you have to listen. COMP experienced an explosive growth of 102%, but has not yet reached a certain level. Investors welcomed the growth first, but now the signs of money leaving and distrust are showing themselves.
The CMF indicator is at its lowest, which means long-term investors are leaving the market. This is usually considered a strong bearish signal, especially when it happens outside the uptrend.
What does the price say? COMP is currently trading at 43.68, but until it can get back 44.60, the downward trajectory is open. If this level doesn't stabilize as support, there's a chance of a drop of up to 37.62, especially with the high volume of vendors on the market.
Now if buyers take power and COMP can get back 44.60, the growth path opens up to 48.44 and even above 50. But this market is only responding to strong moves.
So until the price recovers a strong level, the risk of falling remains high. If you want to make a decision, you might want to be mindful of these key points.
Never forget risk management.