LDO/USDT Break the supply or rejected ??? LDO Analysis Today
Updated
💎 LDO has indeed piqued our interest, successfully breaking out of the ascending triangle pattern, signaling bullish momentum. Currently, LDO is at a pivotal juncture, requiring confirmation of a breakthrough above the Supply zone to maintain its upward trajectory.
💎 If LDO triumphs in surpassing the resistance and secures a closing candle above it, we anticipate a substantial bullish advancement, The Probability of reaching further targets such as the next supply zone and the bearish OB.
💎 However, should LDO falter in breaching the Supply, facing rejection instead, there's a likelihood it might retract, seeking support in the $1.74 - $1.7 range, which previously acted as resistance.
💎 A concerning turn of events would unfold if, upon retesting the support zone, LDO fails to demonstrate resilience or a rebound from the demand level. This failure could lead to a loss of the crucial support threshold, validating a false breakout. Consequently, the momentum might shift back to bearish tendencies, possibly prompting LDO to explore lower levels, particularly the demand zone, for stability.
💎 If LDO triumphs in surpassing the resistance and secures a closing candle above it, we anticipate a substantial bullish advancement, The Probability of reaching further targets such as the next supply zone and the bearish OB.
💎 However, should LDO falter in breaching the Supply, facing rejection instead, there's a likelihood it might retract, seeking support in the $1.74 - $1.7 range, which previously acted as resistance.
💎 A concerning turn of events would unfold if, upon retesting the support zone, LDO fails to demonstrate resilience or a rebound from the demand level. This failure could lead to a loss of the crucial support threshold, validating a false breakout. Consequently, the momentum might shift back to bearish tendencies, possibly prompting LDO to explore lower levels, particularly the demand zone, for stability.
Trade closed: target reached
Just as predicted, #ONG's up a smooth 49.71%!
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