$LDO Short Liquidation Update

A short position worth $12,309 was liquidated at a price of $2.33878 for LDO (Lido DAO).

This means the trader betting on LDO’s price dropping got liquidated as the price rose beyond their liquidation point.

What Could Happen Next?

1. Upward Momentum:

Liquidation often fuels buying pressure as shorts are forced to cover. LDO's price may experience a short-term spike.

2. Resistance Zone:

Check if $2.35-$2.40 acts as a resistance level. If broken, it could trigger more buying interest.

3. Market Sentiment:

Positive news or bullish sentiment in the crypto market may continue to push LDO higher.

Key Levels to Watch:

Support: Around $2.30 (recent low).

Resistance: $2.40-$2.50 range.

Tips for Traders:

Monitor trading volume and price action.

Use stop-loss orders to manage risk.

Stay updated with Lido-related developments or partnerships.

Always analyze the broader crypto market before making decisions!

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