Lido (LDO) in bull trap?
Updated
The price has broken through the psychological resistance of $2 along with the 61.8% retracement.
Exponential averages of 8, 21 and 55 pointed up.
Next resistance at the round value of $3.
If it is a bull trap it will come back below $2, going to the 50% retracement at the price of $1.45
Exponential averages of 8, 21 and 55 pointed up.
Next resistance at the round value of $3.
If it is a bull trap it will come back below $2, going to the 50% retracement at the price of $1.45
Trade closed: target reached
I was positioned on LDO and closed the position with profit, due to being at psychological resistance at $2.
It can even break $2 and go straight up, but considering the stochastic and ATR levels, I prefer to wait for a correction below and only then enter again.
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