【$COMP Signal】Pullback to Long + 1H strong consolidation, waiting for a second push

$COMP The 1H timeframe experienced a massive rally yesterday and is currently in a strong consolidation phase. The price is building a base in the 20.2-20.5 range, with the 1H EMA20 (19.49) providing strong support. The 4H level has also broken through the long-term downtrend line with increased volume, clearly signaling a trend reversal. The current slight pullback presents an excellent opportunity for short-term traders to position.

🎯Direction: Long (Long)

🎯Entry/Order: 20.25 - 20.35 (Reason: Retracement to 1H support zone and EMA20 )

🛑Stop Loss: 19.85 (Reason: Break below 1H previous low and 4H breakout candle low )

🚀Target 1: 21.50 (Reason: Previous high resistance and Fibonacci 0.618 retracement after yesterday’s surge )

🚀Target 2: 22.50 (Reason: 4H previous high resistance and 1.272 extension level )

🛡Trade Management:

- Position size suggestion: Standard position (Reason: Confirmation of 4H breakout, trend resonance )

- Execution strategy: After reaching 21.50, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price. If the price strongly breaks through 21.50, move the remaining stop loss to break even and hold for the second target.

Deep logic: Yesterday, a massive bullish candle appeared on the 4H chart, and open interest remained stable, indicating the rally was driven by genuine buying rather than short covering. The current 1H RSI (62.24) has pulled back from overbought levels, providing room for further upward movement. Market depth data (bid_ask_ratio_depth=1.71) shows significant buy-side support compared to sell-side. There is heavy buy order accumulation in the 20.1-20.2 range, forming a solid support zone. This is a typical structure of a shakeout after a main force’s rally, and the pullback is an opportunity.

Trade here 👇 $COMP

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