💎 LDO has been garnering considerable attention in the market, especially as it approaches a pivotal resistance area. Historically, this resistance has been a significant barrier for LDO, with the asset often facing hard rejections upon each approach. A successful breach of this resistance could probability signal a substantial upward movement, with the next objective being the Strong Resistance area.
💎 However, should LDO struggle to surpass this resistance, finding itself in a consolidation phase at this level for the next few days, it risks facing another rejection. This could result in LDO reverting back towards the demand area.
💎 The demand zone holds critical importance as it represents the last line of support for LDO's bullish trajectory. If LDO fails to rebound upon reaching this zone and cannot sustain levels above it, it risks a breakdown. A failure to uphold this key support level could lead to a shift towards a stronger support area, indicating a bearish turn for LDO.
💎 However, should LDO struggle to surpass this resistance, finding itself in a consolidation phase at this level for the next few days, it risks facing another rejection. This could result in LDO reverting back towards the demand area.
💎 The demand zone holds critical importance as it represents the last line of support for LDO's bullish trajectory. If LDO fails to rebound upon reaching this zone and cannot sustain levels above it, it risks a breakdown. A failure to uphold this key support level could lead to a shift towards a stronger support area, indicating a bearish turn for LDO.
Trade closed: target reached
Just as predicted, #LDO's up a smooth 56.58%!
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Do you Want to start trading like a PRO?
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Disclaimer
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