Is Lido's bullish reversal likely?
Lido’s pullback is headed to previous support and H12 bullish OB at $1.50 and could provide buying opportunities. A bullish reversal and successful hit on $1.6 could present a 6.5% profit.
Entry: $1.50
Take-profit: $1.60
Exit: $1.47
RR: 3
Entry: $1.50
Take-profit: $1.60
Exit: $1.47
RR: 3
Note
Our stop-loss was hit. But price action quickly retested our take-profit target and zoomed past it.
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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.