LDO/USDT Technical Analysis & Trade Signal
Current Price: $2.23 (+8.66%)
24h High: $2.379
24h Low: $2.019
Technical Indicators:
SAR (Stop and Reverse): Current SAR level is 2.191, suggesting potential upward momentum.
Resistance Level: $2.39 (recent high)
Support Level: $2.155 (recent low)
Momentum: Positive momentum (+8.66% change), with increasing buy pressure.
Trade Signal:
Buy Signal: Consider entering at $2.23 or near the support of $2.19 if momentum holds.
Target Levels ๐ฏ:
1. Target 1: $2.38 (near the recent high, initial resistance)
2. Target 2: $2.50 (next psychological resistance level)
3. Target 3: $2.60 (higher resistance zone)
Trade Momentum:
Bullish Trend: Short-term momentum suggests upward movement, with strong buy pressure seen in recent data.
Watch for any retracement towards $2.19 for a better entry point if price starts pulling back.
Risk Management: Set a stop-loss around $2.16 to minimize potential downside risk if the price drops below support.
Let me know if you need further details or adjustments!
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