LDOUST trade ideas
LDOUSDT BUTTERFLYButterfly
The Butterfly Pattern is a distinct 5-point extension structure that was discovered by Bryce Gilmore and further defined by Scott Carney. It has specific Fibonacci measurements for each point within its structure and it is important to note that D is not a point, but rather a zone in which price is likely to reverse, called the Potential Reversal Zone (PRZ). The B point retracement of the primary XA leg lies at 0.786 and the PRZ consists of 3 converging harmonic levels: 1) 1.27 extension of the primary XA leg, 2) AB=CD pattern, either equivalent or 1.27 and 3) Extreme BC projection of 2.00, 2.24 or 2.618.
The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. Common stop levels lie behind the next structure level after the D point or the 1.41 extension of XA. Conservative traders look for additional confirmation. These patterns can be bearish and bullish. TradingView has a smart XABCD Pattern drawing tool to visually identify 5-point reversal structures.
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LDO shortI do think there is a chance this run up could continue..... but i believe we at least drop down to 1.05 to 1.02 for strength to push again
I have the support lines in broken line form on the chart The green line is where i am looking to take profit and looking for reversal back up. SL is gonna be just above the trendline if we break back over it we should fly
LDO collapse AlertHello traders!
Welcome back to another episode with Analyst Aadil1000x.
Today LDO has failed to reverse after forming bullish so it's a clear sign of collapse.
LDO sell now, its at 0.9066
Stoploss 0.9211(-1.4%)
Target 1, 0.8700(+4%)
Final Target 0.8281(+8.5%)
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viewpoint short for LDO Hi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the LDO symbol.
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