LDOUSDT 8H Analysis

125
Lido DAO (LDO) is the governance token of Lido, a leading liquid staking platform that allows users to stake assets like Ethereum while maintaining liquidity. This enables users to earn staking rewards without locking up their assets, making Lido a crucial player in the DeFi ecosystem.

📊 Trade Setup:
🔼 Direction: LONG
✍️ Type: SWING
🛍 Leverage: 3x
📍 Entry Zone: 1.8556 – 1.6954

🎯 Target Levels:
1️⃣ 2.1021
2️⃣ 2.3712
3️⃣ 2.7115

🔴 Stop Loss: 1.4949

💹 LDO is showing bullish momentum, and this trade setup aligns with strong support levels and potential upside targets. Manage risk accordingly!
Trade closed: stop reached
Unfortunately, the zone was not strong enough to support the price and this analysis failed. We'll get it next time.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.