Unlike other coins, Lido (LDO) has already reached an interesting turning level and made a strong upward move from there. This move was powerful enough to surpass our W point, activating the blue structure. This suggests that we can now build further bullish structures. The question remains: can we manage to jump from our black bullish turning zone and continue upwards? Here's how I would approach it: I would watch the large, prominent long wicks of the last down move. The chart may attempt to re-enter this zone, so I won't try to trade the 55.9 level (the upper line of the black box). Instead, I'll attempt a long at the lower line. Stops at Rangelows as always.
Here, I share my market outlooks, highlighting key levels and directions I'm watching. This isn't financial adviceβjust my perspective. Don't follow blindly; always do your own research.
Here, I share my market outlooks, highlighting key levels and directions I'm watching. This isn't financial adviceβjust my perspective. Don't follow blindly; always do your own research.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.