LDOUST trade ideas
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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This Is Not A Finacial Advise
$LDO bullishLDO is the governance token of Lido DAO, which is a multi-platform staking solution that allows users to access the benefits of staking their crypto without fully locking their tokens. It facilitates the staking platform’s goal of building a trustless liquid staking service and drives the decentralized ownership and decision-making of the independent structure of Lido, with governance decisions in the Lido DAO community conducted based on LDO
LDOUSDT.P on Bybit - Short in to a Long"Engaging in a SHORT that transitions into a LONG position. Short levels sit at 1.9450 with a stop loss at 1.9760, influenced by PoC of the range 2.04 - 1.80$, the 0.618 Fibonacci retracement level, daily and 2.618 fib retracement. Remember to take profit during the dip. As we approach the daily level of 1.7325, we could potentially see a reaction on both the NPOC at 1.7325 and the weekly at 1.7110. I'm keen to see an SFP of the 19/06/2023, 12:00 NY time lows."
Why we are using Bybit pairs?
We prefer to use Bybit charts over those from Binance or other exchanges, as in our experience, divergences are consistently respected in Bybit's platform.
✴️ Lido DAO Bullish Regardless What HappensLido DAO is undergoing consolidation after a correction on a bullish phase that started January 2023.
The pair remains really strong as the correction is weak. The current price trades more than 150% above its Dec. '22 low.
There is a higher low short-term (mid-June vs mid-May) and prices have recovered above EMA10.
The RSI is moving up almost reaching 50... As long as the blue line/support holds, expect LDOUSD to resume the initial move and grow.
Breaking the support level would only signal more correction but followed by additional growth.
Namaste.
Lido DAO (LDO) formed Gartley for upto 52% rallyHi dear friends, hope you are well and welcome to the new trade setup of Lido DAO (LDO) with US Dollar pair.
Previously we caught a nice trade of LDO as below:
Now on a daily time frame, LDO formed a bullish Gartley move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.