$LDO TRADE SETUP..
LDO/USDT Trade Setup (1D Timeframe)
- Current Price: 0.933 USDT
- Trend: LDO is trending downward in a long-term bearish channel, testing critical support zones near 0.900 USDT.
Trade Setup:
Entry Zone:
- Buy around 0.900 - 0.933 USDT, considering price is at key support levels. Look for bullish divergence or reversal signals before entering a trade.
Targets:
- Target 1: 1.380 USDT (Fibonacci level and mid-range resistance)
- Target 2: 1.974 USDT (Major resistance)
- Target 3: 2.637 USDT (Fibonacci 61.8% level, next significant target after breakout)
Stop Loss:
- SL: 0.750 USDT (Below the current support trendline).
Indicators:
- RSI: RSI is low, hovering near oversold levels but hasn't shown a clear bullish divergence yet. Keep an eye on a potential reversal in RSI for bullish momentum confirmation.
Key Levels:
- Resistance: 1.380 USDT, 1.974 USDT
- Support: 0.750 USDT (Critical support)
Watchlist:
If price breaks below the current support, the downtrend may extend further, potentially hitting lower targets. Wait for volume and bullish confirmations for a potential upward reversal from this support.
