TradeCityPro | LDOUSDT Identifying a Re-Entry Point for Buying👋 Welcome to TradeCityPro Channel!
Let’s analyze LDO again, which I uploaded for you before the New Year, and review the triggers we had set. Thanks to TradingView for choosing that analysis as an Editor's Pick!
Scroll Down to Check Out the Analytical Chart as Well!
🌐 Overview Bitcoin
As always, before starting the altcoin analysis, we take a look at Bitcoin on the 1-hour timeframe. All our entry triggers have been activated, and we currently hold a position from our primary trigger at 95554. I personally moved the stop-loss to the entry point.
Bitcoin dominance also increased with this move, which is excellent news. Personally, I believe we might see Bitcoin registering a new ATH with its dominance rising. It feels like Bitcoin could reach around $115,000, and then we’ll see an altcoin season.
🕵️♂️ Previous Analysis
Updating our previous analysis, we provided a spot-buy entry point for this coin with a breakout at 1.345. This trigger was activated, and currently, we are up by about 50%. For now, I suggest holding your position, and even if your stop-loss is hit, continue staying with it.
📊 Weekly Timeframe
We are still within our long-term range box and transitioning from smaller boxes to larger ones.
For weekly timeframe buying, the logical and safe trigger is at 2.553, and you can confirm the breakout with an increase in volume. Set your stop-loss below 0.935.
For selling, the most logical and prudent exit would be below 0.935. Until then, I will continue to hold this coin and search for new entry triggers.
📈 Daily Timeframe
In the previous analysis, we were in the daily box ranging between 0.909 and 1.361. For spot buying, we provided a trigger with a breakout at 1.361. Personally, I purchased at this breakout and am currently holding the coin, being 50% up in profit.
At present, this coin, like other coins in our market category, is one of those altcoins trading above its daily range after a breakout. This is a good sign. Moreover, several pullbacks to the 1.361 support level with rapid upward reversals indicate strong buyer presence.
We already have a spot-buy trigger, but for those looking for a new one, a risky entry can be made after breaking 2.096, while a safer entry can be made after breaking 2.44, setting your stop-loss at 1.361.
⏱ 4-Hour Timeframe
After hitting 1.395 and breaking the 1.68 long trigger, the price moved toward the 2.096 resistance and is currently below this daily resistance.
📈 Long Position Trigger
instead of entering a spot buy at 2.096, I would open a futures position with a breakout at this trigger and later use the futures profit to buy spot positions with a breakout above 2.44.
📉 Short Position Trigger
currently, I am not searching for short positions in this market. However, if Bitcoin changes its trend, we will revisit and analyze the possibilities together.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
