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$COMP Signal】Long on the pullback! 1H strong support confirmation, negative funding rate short squeeze in progress
$COMP The 1H timeframe is experiencing a healthy pullback after a massive rally. The current price is around 20.3, which is exactly above the 1H EMA20 (18.91) and the midpoint of yesterday’s sharp rally candle (20.0-20.5), a strong support zone. The 4H timeframe has a towering pillar that directly reverses the downward trend, breaking above all moving averages, indicating a bullish trend. The key point is: the funding rate is as high as -1.42%, making short positions very costly,