Compound (COMP) Quick 2.6% Dump — Watch for Follow-Through
I see a quick sell-off in Compound (COMP) against USDT, down 2.55% from 50.23 to an intraday low of 48.95 in under a minute. The three-minute volume (788k) is 9.7% of the 24‑hour volume, which points to concentrated short-term selling pressure.
I'm watching for follow-through: if price breaks below recent low on continued high volume, that confirms distribution; if volume drops and price stabilizes, this looks like a short-term shakeout and could offer a buying opportunity later.
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