lonng LDO hello guys
It seems that we are witnessing the arrival of smart money in LDO currency
The structure change happened in the 1-hour time frame and below, I consider any price reduction to the specified level as an opportunity for a long position.
As I mentioned in the publication of previous ideas, my strategy is based on the third and fourth targets, but if the buying range is activated, you can consider higher targets with risk management.
LDOUST trade ideas
Key Support Levels RevealedAt the daily timeframe, the Relative Strength Index (RSI) level of LDO currently stands at 45. The RSI is a measure of the stock's momentum, and a level of 45 suggests that it is neither overbought nor oversold, indicating a balanced situation.
Looking at the price analysis, if the support for LDO at $1.85 is broken, there is a possibility that the price could decline further, reaching a lower range of around $1.40. However, historically, when the price reaches this level, there is a likelihood of a positive reaction, and the stock may bounce back from this point.
In summary, there are two crucial support levels to watch for LDO. The first support is at $1.61, and if the price falls below that, the second support level is at $1.40. These support levels are considered important because they are associated with potential demand for the stock, and past behavior indicates a potential recovery from the $1.40 level.
Lido DAO (LDO)Lido DAO provides staking infrastructure for multiple blockchain networks, but most notably, the platform provides a liquid staking solution for Ethereum, allowing users to stake their ETH and receive stETH (Lido staked ETH) tokens in exchange. Currently, LDO has the highest total value locked among Ethereum protocols, which is around $15 billion.
Anyway, the chart is simple: LDO broke the downtrend line and is now making a support floor to start an impulse wave. Let's see what happens.
Brief Analysis ——LDOThe brief analysis yesterday received a lot of discussion in our community. So we continue to bring a brief analysis of 3 tokens which are participating ETHCC conference today. They are LDO, NEAR and ICP.
LST is one of the tracks that have attracted much attention this year, and Lido leads them all. Lido was also present at the ETHCC conference in Paris.
From the chart, LDO is fluctuating in a large range. Since early May, the range has become relatively narrow. So on a large scale, the trend remains neutral. After the price hit the upper rail of the range last Friday, bears increased, pin-bar formed, and the price rapidly fell, close to recovering the gains on Thursday. The transaction volume is basically the same as before.
Conclusion: Mostly fluctuation. From May, whether the price is rising near the upper rail or falling near the lower rail, the strength in the other direction has increased.On a small scale, the gap between the bulls and the bears is small and the bears are currently slightly ahead. But the rate of decline has slowed down and the V-shaped reversal is close to completion. So we come to this conclusion. We set resistance level at 2.45 and support level at 1.6.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
LDO ANALYSIS (4H)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the LDO symbol.
It is suitable for buy in the L SH range. It can move up to OB.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
LDO Buy Trade.Here is My Study On LDO.
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