COMP - Shift in Momentum in Action!

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

🔹 COMP has been overall bearish trading within the falling channel in red.

However, it is currently rejecting a strong weekly support at $35 - $40.

Moreover, it is clear that the bears are exhausted as the bearish impulse phases are getting more flat.

📈 For the bulls to take over, and shift the momentum in their favor, a break above both trendlines and $50 round number is needed.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich