Trade setup : Price is in a downtrend but had a bullish breakout from Descending Triangle . Now it’s approaching a stiff resistance area of $2.60 horizontal resistance and 200-day Moving Average. Price needs to break above that to resume its Uptrend. Lido (LDO) is the largest DeFi platform and a leading ETH liquid staking platform (see our on-chain analytics and...
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
I've made the decision to buy some LDO (LIDO Finance) with a target of 2.4, 2.6 and a stop at 1.9. I've split the order into three parts: the first at the current prices, the second at 2.
The information provided here is for informational purposes only and should not be considered as financial or investment advice.
Price couldn't breach ATH and now it's trading inside the bigger Range again.
Currently momentum is slowly shifting to the downside.
It's trading below MO and as long as the price stays below it, this a short for me.
Good luck.
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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.
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