Short Lido vs USDT

By Trader_CD
Updated
Lido made a bearish retest here of the Range High and if the idea is valid it shoud go down to Mid Range.

This is a big level and the SL is tight beacause it could sqeeuze higher. If so, then it will probably run higher.

It's a 15R trade, that's why I wiling to take this trade.

Good luck.

Follow, like the idea and feel free to leave a comment if you like it.
Check out other ideas if you like this one.
Trade closed: stop reached
Moved Stops to break-even on that BTC dump. SL triggered but no harm done.

LDO is one of the best performers today so I'm in no hurry to jump back in.
If if goes back in the range again, that will be my trigger to pull a short again.
Trade active
Back in the range, jumped back in.
Trade closed manually
Closing here at break even. Will reevaluate.
Trade active
Shorting LDO again here at $3.08.
Trade closed: stop reached
Squeezed and closed. Of to the next one.
Chart PatternscryptocryptomarketTechnical IndicatorslidolidoshortlidousdtTrend Analysis
Trader_CD

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