Comp Spot Buy

✅ Trade Setup Plan
🟢 Bullish Scenario (Long Entry)
📥 Entry:
Aggressive Entry: Now (~$41) after breakout from the descending trendline

Safer Entry (Confirmation): Break and close above $44 with volume

🎯 Targets:
TP1: $47.90 – $48.50 (recent local high)

TP2: $50.80 – $51.50 (resistance zone)

TP3: $56 (major resistance)

🛑 Stop-Loss:
Below $38.50 or tighter at $39.80 if you entered at $41

Below $36.50 if you're targeting a wider swing trade

🔴 Bearish Scenario (Short Entry)
📥 Entry:
If price fails to hold $39.80 and breaks below $38.50 with volume

🎯 Targets:
TP1: $35 (support region)

TP2: $33.20 – last tested bottom

🛑 Stop-Loss:
Above $41.20 or $42 depending on entry

📊 Indicators to Monitor
RSI: A clean push above 60 = bullish strength; drop below 40 = bearish pressure

MACD: A strong bullish crossover + increasing histogram = momentum confirmation

Volume: Confirm breakouts with increasing volume