where is $COMP headed? $350 or $88?

27 Jun 2021

COMP has pulled back more than 80% from its all time high of over $900. The area around $240 is an important area of value. If we see further correction and pullback, the market could remain between $240 and $88 for a bit and it will not be surprising if it bottoms back near $88. On the other hand, the bearish price action over the last few weeks could finally lose some steam. $240 could act as an area of support and price could remain between $240 and $350. Watch the video to get a sense of why these numbers are important and how they create important levels. Nothing here is investment advice. Use this information as a tool to understand COMP price action and market structure and as always please do your own research before you enter a trade.